MACD with SR levels on the chart - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
This is the MACD indicator with the addition of support and resistance levels on the chart. Available in three color (and SR level) variations:
It can be used for any pattern commonly used by MACD
The SR line uses the closing price of the bar where the signal occurs. This is largely consistent with a sell signal, and if you add the spread, with a buy signal, so it might be helpful to quickly consider these signals as possible order entries
Attachment download
📎 macd_4sr6.mq5 (16.27 KB)
Source: MQL5 #24219
MACD with SR levels on the chart - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
MACD with SR levels on the chart - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 resources are resources 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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