
MACD-2 Indicator
Visually convenient and more functional replacement for the standard MACD indicator for MT5. Also the MACD-2 indicator gives you entry points.
Unfortunately, some standard MT5 indicators are not well enough geared to analyze changing situations in the Forex market. That’s not just because of the rise in the number of real participants, but also the use of robots and algorithms during trading.
So we offer you to learn about the free custom indicator MACD-2, which is an updated and improved version of the standard MetaTrader 5 MACD oscillator. And no matter which trading approach you’re using – swing, intraday or long-term trading – the indicator can be a nifty complement to your trading system.
MACD-2 has a number of advantages over the standard MACD:
First, the indicator draws colored cloud – like the fast EMA and the slow EMA. Entry signals are generated when the cloud changes its color.
Second, the histogram volumes have four colors. If the volume color is brown or violet, only selling should be considered; if the volume color is blue or light blue, you should consider buying only.