BB MACD MetaTrader indicator — is a simple MACD (going Average Convergence Divergence) indicator variation, which assists in detecting the trend change points and measuring the present trend's
strength. The indicator is drawn within the split window on the chart and contains two lines (blue and red) and the dots, which are often either green or magenta. The modification associated with dots' color is an excellent sign provider, even though the width of space between the two lines shows the strength of this present trend. This indicator is available for MT4 and MT5.
Input parameters:
FastLen (default = 12) — the time scale regarding the quick average (the main one with the cheapest duration), which is utilized in this indicator's dots calculations.
SlowLen (standard = 26) — the amount of the slow moving average (the main one with the greatest duration), which can be found in this indicator's dots calculations.
Length (default = 10) — the time scale associated with moving average while the standard deviation indicators that are employed in this indicator's lines calculations.
barsCount (default = 400) — the absolute most of bars in the chart to apply these calculations to (not a crucial parameter).
StDv (standard = 2.5) — weight multiplier for the conventional deviation indicator in its part within the calculations in comparison to the moving average.
While the chart instance suggests, the signals to buy are when the magenta dots become the green people therefore the signal to offer is once the green dots become magenta. Trading is much better to be done whenever both blue and red lines are rather wide.
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