The MACD (Moving Average Convergence Divergence) Indicator features in a number of trading strategies.

The JagzFX MACD Indicator PIN v1.01 works with trading dashboards such as EAX, TDESK and Mathias MADEA NextGen. The MACD PIN includes the following Modes:

  • Main Direction (MD): A simple indication of direction, e.g. for establishing the trend: the Main level above the Signal value the PIN will read Long; the Main below Signal reads Short.
  • Lines/Levels Cross (LX): Indicates a change in the momentum. The Main crossing from below to above the Signal reads Long; the Main crossing from above to below the Signal reads Short.
  • Reversal Cross (RX): Similar to LX but also considering if the Main/Signal cross occurs above or below the Zero-level (which may indicate the end of a longer trend). A Main-Signal cross-up below the Zero-level reads Long; and a Main-Signal cross-down above the zero-level reads Short.
  • Main-Zero Cross (MZ): The Main level has crossed the Zero-level: the Main crossing from below to above the Zero-level reads Long; the Main crossing from above the below the Zero-level reads Short. The Signal level is ignored in this mode.
  • Signal-Zero Cross (MZ): The Signal level has crossed the Zero-level: the Signal crossing from below to above the Zero-level reads Long; the Signal crossing from above the below the Zero-level reads Short. The Main level is ignored in this mode.

Download the JagzFX MACD PIN

Download “MACD PIN”

JagzFX_PIN_MACD_v1_01.ex4 – Downloaded 141 times – 41.97 KB

Change Log

//+------------------------------------------------------------------+
//| JagzFX MACD PIN |
//| Copyright 2021, JagzFX |
//| https://jagzfx.com |
//+------------------------------------------------------------------+
//| v1.00 First version
//| v1.01 + Addition Modes

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