Expert Advisors • Indicators • Scripts • Libraries

MQL.RobotFX.org is the biggest collection of MetaTrader expert advisors (MT5 & MT4), indicators, scripts and libraries that can be used to improve trading results, minimize risks or simply automate trading tasks

MetaTrader 5 Indicator | Normalized MACD

As useful as MACD is, it probably lacks one thing: bounds.

MACD is an un-bound indicator and a lot of times we can not estimate if some kind of a minimum or a maximum is reached to decide if a trend is strong, weak or is starting to get exhausted. This version is an attempt to normalize MACD in known bounds that would allow us all the above described.

As usual with gradients, if you wish only colors on slope, set the color steps to 2.

MetaTrader Experts, Indicators, Scripts and Libraries


16824

Best MetaTrader Indicators + Profitable Expert Advisors