MACD 2‑Line — Momentum/Trend Crossover (MT4)

MACD 2‑Line shows the MACD line and the Signal line (and optionally histogram) to capture momentum shifts and trend direction. Crossovers and distance between lines help time entries/exits, while zero‑line relation defines bull/bear bias on MetaTrader 4.

What it shows

• MACD line (fast EMA − slow EMA) and Signal line (MA of MACD).
• Crossovers → momentum turns/continuations; distance → strength.
• Zero line context: above = bullish pressure; below = bearish pressure.
• (Optional) alerts on cross/zero‑cross/overbought‑oversold.

Trade ideas

1. Crossover entry: go long when MACD crosses above Signal above zero; short on the opposite.
2. Pullback + hold: in trends, buy Signal retests while MACD stays above zero.
3. Divergence: price HH vs MACD LH (bearish) or price LL vs MACD HL (bullish) to fade/scale out.
4. Multi‑TF: align higher‑TF zero‑line bias with lower‑TF cross for better timing.

Inputs that matter

• Fast EMA, Slow EMA, Signal MA periods.
• MA method (EMA/SMA/etc.) for MACD and Signal.
• Price source (Close/HLCC/Typical) and alerts.

Suggested usage

• M5–M15: momentum cross + pullback confirmation.
• M30–H4: trend following and divergence.
• Daily+: bias filter and swing timing.

Installation (MT4)

1. Open MetaTrader 4 → File → Open Data Folder.
2. Copy MACD 2Line.ex4 to MQL4/Indicators.
3. Restart MT4 (or refresh Navigator) and attach MACD 2‑Line.
4. Adjust inputs → OK.

FAQ

Does it repaint? No on closed bars.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT4.

Disclaimer: Always test on a demo first; risk management matters.