BB MACD Indicator MT5 - MetaTrader 5 Script | Forex Indicator Download - MetaTrader 5 Resources

BB MACD MetaTrader Indicator — is a variation of the basic MACD (Moving Average Convergence Divergence) indicator that helps detect trend change points and measure the strength of the current trend. The indicator is plotted in a separate window on the chart and consists of two lines (blue and red) and points (can be green or magenta). The change in point color is a good signal provider, while the width of the gap between the two lines indicates the strength of the current trend. This indicator is available for MT4 and MT5.

As shown in the chart example, a buy signal is when the magenta dot turns into a green dot, and a sell signal is when the green dot turns into magenta. Trades are best made when both the blue and red lines are fairly wide.

Attachment download

📎bb_macd.mq5 (18.49 KB)

Source: MQL5 #55352