MACD Histogram MC - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

1. Definition:
MACD Histogram (MACD-H) is the bar chart component of the MACD indicator and represents the difference between the MACD line and the signal line. Formula: MACD Histogram = MACD Line - Signal Line .

2. Core meaning:  
It measures changes in momentum trends, indicating whether the trend is accelerating or decelerating.

The bar is extended and above the zero line: buying momentum is building.

The bar is extended and below the zero line: sales momentum is building.

Bar Shortening: Momentum is fading, warning of a potential trend reversal or consolidation.

Bars crossing the zero line: represent the intersection between the MACD line and the signal line.

Notes: MACD Histogram is a powerful signal filter, but it should be combined with other indicators and trend analysis for best results.

Attachment download

📎 macd_histogram_mc.mq5 (17.64 KB)

Source: MQL5 #65050