MACD Dashboard Scanner

This code represents an indicator for the MetaTrader 5 platform which calculates and displays the Moving Average Convergence Divergence (MACD) indicator on the chart. The MACD is a popular technical indicator used by traders to identify potential trend reversals, generate trading signals, and determine the strength of a trend.

Indicator Settings

• TimeFrame: The timeframe on which the MACD is calculated. By default, it uses the current timeframe.
• Fast_EMA_Period: The period used for the fast Exponential Moving Average (EMA) calculation. The default value is 12.
• Slow_EMA_Period: The period used for the slow Exponential Moving Average (EMA) calculation. The default value is 26.
• Signal_SMA_Period: The period used for the Signal Simple Moving Average (SMA) calculation. The default value is 9.

Indicator Initialization

During initialization, the indicator sets the style and buffer for plotting the MACD line on the chart.

Indicator Calculation

The OnCalculate function is responsible for calculating the MACD values based on the input parameters. It uses the iMACD function provided by the MetaTrader 5 platform to calculate the MACD values for the specified timeframe. The calculated MACD values are then stored in the macdBuffer array.

Additional Analysis

After calculating the MACD values, additional analysis or trading decisions can be performed based on the MACD values. This part of the code is left blank and can be customized according to the user's trading strategy.

Product Description

The MACD Dashboard Scanner is a powerful indicator developed by Forex Robot Easy Team. It provides traders with a comprehensive view of the MACD indicator across multiple timeframes. This allows traders to quickly identify potential trading opportunities and make informed trading decisions.

Key Features:

• Calculates the MACD indicator for the specified timeframe.
• Displays the MACD line on the chart.
• Provides flexibility in customizing the input parameters according to the user's trading strategy.
• Easy to use and interpret.

This product is not developed by ForexRobotEasy. We are showcasing a sample code that can work as described in this product. To find the official developer of this product, please refer to the link provided below:

MACD Dashboard Scanner MT5 Review and Download - The Ultimate Forex Software for Professional Traders

Please note that the link provided is for detailed reviews and trading results of this product. To find the official developer, it is recommended to use MQL5, the official platform for MetaTrader indicators and expert advisors.