Roaring Waves MACD Indicator - Complete Guide

"Ride the Market Waves with Precision - The Roaring Waves MACD Shows the Way!"

🔹 Overview

The Roaring Waves MACD is an advanced multi-feature MACD indicator for MetaTrader 4 that provides:

✔ Enhanced MACD visualization with color-coded momentum

✔ Multiple signal confirmation systems

✔ Customizable alerts for trading opportunities

✔ Unique "tape" display for instant trend recognition

🔹 How It Works

This indicator builds upon the classic MACD by adding:

Dual Moving Average System:

Fast MA (Default: 6-period)

Slow MA (Default: 18-period)

Signal Line (Default: 12-period LWMA)

Four Key Signals:

Zero-line crossings

MACD/Signal line crosses

Momentum direction (rising/falling)

Color-changing "tape" between lines

Visual Enhancements:

Colored trend tape (4 customizable colors)

Arrow signals (optional)

Text labels for clear interpretation

🔹 Indicator Settings

Core Parameters

ParameterDescriptionDefault Value

FastFast MA period6

SlowSlow MA period18

SignalSignal line period12

MethodMA calculation methodSMMA

PricePrice sourceClose

Visual Settings

ParameterDescription

ShowTapeToggle colored trend visualization

TapeColorUp/DownCustomize bull/bear trend colors

ShowArrowsDisplay entry/exit signals

ShowLinesToggle MACD/Signal lines

Alert Settings

ParameterDescription

AlertsMessagePopup alerts

AlertsSoundAudio alerts

SoundFileCustom alert sound

🔹 Trading Strategy

Buy Signals

MACD crosses above zero line

MACD crosses above signal line

Blue/green "tape" appears

Up arrows appear (if enabled)

Sell Signals

MACD crosses below zero line

MACD crosses below signal line

Red/orange "tape" appears

Down arrows appear (if enabled)

Best Timeframes

Scalping: M5-M15

Day Trading: M30-H1

Swing Trading: H4-D1

🔹 Developer & Source

Developer: R.KH

Year: 2025

Website: https://www.robomql.com

🎯 Final Words

The Roaring Waves MACD transforms the classic oscillator into a powerful, multi-dimensional trading tool. With its unique visualization and comprehensive alert system, it helps traders:

✔ Spot trends earlier

✔ Confirm signals with multiple factors

✔ Execute trades with confidence

Catch Every Wave - Let the Roaring Waves MACD Power Your Trading Journey! 🌊📈