LOCSignal-MACDDoublePike - MetaTrader 4 Script - MT4/MT5 Resources
A simple signal indicator that detects extreme values of the MACD main line. It filters the first pike and displays all pike after the first one.
This is an easy-to-use signal indicator that displays arrows on the chart. The main idea is to find the MACD spear starting from the second one on the side. Please check the image for more information
suggestion:
Used on the 1 hour chart and best confirmed along with any other trend indicator.
If you have questions please let me know.
Attachment download
📎 LOCSignal-MACDDoublePike.mq4 (5.32 KB)
Source: MQL5 #10473
LOCSignal-MACDDoublePike - MetaTrader 4 script usage and screening suggestions
LOCSignal-MACDDoublePike - MetaTrader 4 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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