MACD 2 Line Indicator MT5MACD 2 line indicators

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MACD 2 line indicators introduction

MACD 2 the line indicator is obviously based on the moving average convergence divergence indicator, but it has 2 lines forming the cloud. MACD the difference between the signal lines is presented in the form of a color histogram.

MACD 2 line indicators are suitable for various time frames and currency pairs. it is displayed in a separate window just below the main trading chart. the default settings can be modified directly from the input tab. feel free to try the settings and parameters to suit your personal preferences.

trading rules description

MACD 2 the general trading rules for online indicators are very simple. green cloud indicates a buying trading opportunity, and red cloud triggers a selling transaction. in this example, we use it in conjunction with the 100-period exponential moving average to determine the overall trend direction. detailed descriptions are provided below.

buy signal

please follow these steps to conduct long trading:

• overall trend is bullish ( EMA slope upward)
• price is higher than EMA and don't touch it
• clouds change from red to green
• after meeting the above conditions, the buying transaction will be triggered
• set the stop loss below the last swing low of the market
• take profit or exit transactions whenever the cloud changes color or uses your own trading exit method
• sell ​​signalplease follow these steps to conduct short trading:
  overall trend bearish ( EMA slope down)price is lower than EMA and don't touch itclouds change from green to redafter meeting the above conditions, the sell transaction will be triggeredset the stop loss a few points above the last swing high of the markettake profit or exit transactions whenever the cloud changes color or uses your own trading exit methodas always, to achieve good results, remember to manage the funds appropriately. to be a profitable trader, you need to have discipline, emotions and psychology. it is crucial to know when to trade and when not to trade. avoid trading in adverse times and market conditions, such as low volume /volatility conditions, exceeding the main period, foreign currency pairs, expansion of spreads, etc.
  download the bottom of this article MACD 2 Line.rar archive, unzip, and then MACD 2 Line.ex5 or MACD 2 Line.mq5 copy and paste the metric file into Metatrader 5 trading platform MQL5 in folder.
  you can access this folder by clicking the top menu option as follows:
  document > 打开数据document 夹 > MQL5 >indicators (paste here).
  go to now MT5 the left side of the terminal. exist导航器, find the meter name, right-click it, and select附加到图表。
  bottom line
  MACD 2 line metrics are well worth adding to your trading collection. a good forex indicator is likely to increase your chances of success. nevertheless, remember to have realistic expectations