MACD - MetaTrader 4 Script - MQL5 #31655 - MT4/MT5 Resources

Simple MACD indicator with inserted price. It helps traders easily view the overall price position in the MACD indicator to minimize false signals.

If the MACD crosses the signal line, or if the MACD is above or below the signal line, the current price and the position of the price shadow (blue line) will help us ensure a MACD signal.

You can use it on any time frame for day trading or use it to identify market trends.

Many applications and interpretations from this, for example you can find valuable trading areas if macd>0, opposite (or beyond the signal line), a downward cross => indicating a sell, then a reversal.

Or when MACD crosses the signal but the price still does not move accordingly, it warns us to be careful about the signal that MACD is about to send.

This is one of the indicators I use in my EA and can be

If you have any questions for me and would like to use it, you can leave a suggestion, request or comment!

Attachment download

📎 priceinmacd.mq4 (3.71 KB)

Source: MQL5 #31655