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BB MACD uses built-in moving averages and standard deviation indicators to create Bollinger Bands on MACD MetaTrader indicator.

Home Page: https://www.earnforex.com/metatrader-indicators/BB-MACD/

License: GNU General Public License v3.0

MQL4 42.08% MQL5 57.92%
mql4 mql5 mt4 mt5 metatrader-4 metatrader-5 metatrader forex trading forex-trading

bb-macd's Introduction

BB MACD

BB MACD is an indicator for MT4 and MT5 by EarnForex.com. It works by calculating Moving Average Convergence/Divergence (MACD) and applying a sort of Bollinger Bands to it. The resulting plot is displayed inside the separate chart window to help you detect trend changes.

The indicator offers all types of MetaTrader alerts on color change events.

BB MACD loaded onto the daily chart of EUR/USD with some trend change signals visible

A detailed description of the indicator and its input parameters can be found here: https://www.earnforex.com/metatrader-indicators/BB-MACD/

Any contributions to the code are welcome!

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