Masi MACD 3
From the Old Kings archive: Masi MACD 3, an indicator for MetaTrader 4. Its name points to MACD (moving average convergence / divergence). In the code it works with divergence checks and moving averages. It draws arrows on the chart and can send alerts. It has 14 settings, for example Fast EMA (default 12), Slow EMA (default 26) and Signal EMA (default 9). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Masi MACD 3
Masi MACD 3 is an indicator for MetaTrader 4 based on Divergence and Moving Average. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 14 settings, such as Fast ema, Slow ema and Signal ema. MQL source code included.
Files in the download: MASi_MACDHist.ex4, MASi_MACDHist.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Fast ema | 12 | Fast EMA Period |
| Slow ema | 26 | Slow EMA Period |
| Signal ema | 9 | Signal SMA Period |
| On macd | true | MACD line |
| On signal | true | Signal line |
| Section1 | ===== Divergence parameters ===== | ========================== |
| On diver hist | false | MACD Histogram divergence indicator |
| On diver line | false | MACD Line divergence indicator |
| On classic | true | Search classical |
| On hidden | true | Search hidden |
| On expand | true | Search extended |
| On trend lines | true | Show trend lines |
| On diver symbol | true | Show divergence indicator |
| On alert | true | Show alerts |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: MACD · Buy/Sell Arrows · Alerts · Divergence · Moving Average · MT4 Indicator · MQL4 Source Code