The MACD (Moving Average Convergence Divergence) usually displays the difference between the 12 period and 26 period EMAs (Exponential Moving Averages). The MACD does so by displaying a histogram as well as a signal line which by default is a 9 period EMA of the histogram.
Over the years, we've noticed people prefer to display the MACD indicator differently which we call the "MACD Traditional". This version includes both the main MACD line and the signal line, as well as a histogram.
Indicators Folder
IBFX – MACD Traditional.ex4
Last compiled on October 8th, 2009 on MT4 build 225
Step 1: Download the setup file and double click on it. Follow on screen instructions.
Step 2: Select the tools you would like to install, click next. (Make sure to select your MT4 installation folder).
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