MACD High/Low - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

MACD (invented by Gerald Appel in 1970) is one of the widely used indicators.

Usually it is used in combination with neutral line and signal line. This is a good approach, but the zero line part has its problems. One of the main problems is that if the market reverses, the zero line after a large market change is too far away from the MACD value.

This version keeps the signal line intact but changes the way the neutral line is handled and adds levels that MACD is not normally aware of. It uses the highs and lows of the MACD (nnn) bars to calculate a dynamically changing zero line, early up and down levels, and trend confirmation levels up and down. By adding these non-stationary levels, MACD becomes more responsive to market changes and MACD trend assessment has fewer false signals.

Attachment download

📎 macd_hl.mq5 (12.43 KB)

Source: MQL5 #20479