Introduction to the BB MACD Indicator
The MACD Indicator is one of the most effective momentum oscillators. Its oscillations are very effective for identifying potential trend reversals. Men, it is quite difficult to assess reversals from overbought and oversold levels since the MACD oscillates on an open range, which means there is no hard level or marker which would qualify overbought or oversold markets. The BB MACD Indicator was developed to address this and help traders identify potential reversals coming from overbought and oversold market conditions.
What is the BB MACD Indicator?
The BB MACD Indicator is a momentum indicator which is based on the Moving Average Convergence and Divergence (Macd) with added elements of the Bollinger Bands.
This indicator is an oscillator which plots dots that oscillate around a midlevel which is zero.
Positive dots indicate a bullish general trend direction, while negative dots indicate a bearish general trend direction.
Fargen på prikkene indikerer også retningen på momentum. Lime dots indicate a bullish momentum and magenta dots indicate a bearish momentum.
This indicator also plots a line above and below the dots which form a band-like structure which envelope the dots. The blue upper line represents the overbought area, while the red lower line represents the oversold area.
How the BB MACD Indicator Works?
The BB MACD Indicator has an algorithm which calculates underlying MACD value. It then plots the MACD values as the oscillator dots. It also compares the value of the current dot with its preceding dot. It plots a lime dot if it has a higher value than the prior dot, and a magenta dot if it has a lower value compared to the prior dot. It also calculates for the values of the upper and lower lines using a formula which is similar to the Bollinger Bands applied on the oscillator dots, although the indicator is preset to use 10-dot average with a standard deviation of 2.5.
How to use the BB MACD Indicator for MT4
The BB MACD Indicator has input variables which can be modified within its indicator settings.
“FastLen” and “SlowLen” refers to the number of periods used to calculate for the moving average values of the MACD formula.
“Length” refers to the number of periods used for the Bollinger Band calculation derived from the MACD values.
“StdDv” refers to the standard deviation applied on the Bollinger Band calculation of the MACD values.
Når du skal angi?
Allow the dots to touch the red lower line then open a buy order if the dots change to lime.
Når du skal avslutte?
Close the trade as soon as the dots change to magenta.
Når du skal angi?
Allow the dots to touch the blue upper line then open a sell order if the dots change to magenta.
Når du skal avslutte?
Close the trade as soon as the dots change to lime.
The BB MACD Indicator is an excellent momentum based oscillator which can help traders identify momentum reversals coming from overbought and oversold market levels. The weakness of the classic MACD is that it is difficult to assess if the MACD values are overbought or oversold since the oscillations are variable. The addition of the Bollinger Bands applied on the MACD dots help traders objectively identify markets that are oversold or overbought.
MT4 Indikatorer – Last ned instruksjoner
BB MACD Indicator for MT4 is a Metatrader 4 (MT4 (andre personer)) indikatoren og essensen av denne tekniske indikatoren er å forvandle de akkumulerte historiedataene.
BB MACD Indicator for MT4 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
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How to install BB MACD Indicator for MT4.mq4?
- Download BB MACD Indicator for MT4.mq4
- Copy BB MACD Indicator for MT4.mq4 to your Metatrader Directory / Eksperter / Indikatorer /
- Starte eller starte Metatraderen på nytt 4 Klient
- Velg Diagram og tidsramme der du vil teste MT4-indikatorene
- Søk “Egendefinerte indikatorer” i navigatoren som for det meste er igjen i Metatraderen 4 Klient
- Right click on BB MACD Indicator for MT4.mq4
- Legge ved et diagram
- Endre innstillinger eller trykk ok
- Indicator BB MACD Indicator for MT4.mq4 is available on your Chart
How to remove BB MACD Indicator for MT4.mq4 from your Metatrader Chart?
- Velg diagrammet der indikatoren kjører i Metatraderen 4 Klient
- Høyreklikk inn i diagrammet
- “Indikatorer liste”
- Velg indikatoren og slett
BB MACD-indikator for MT4 (Gratis nedlasting)
Klikk her nedenfor for å laste ned: