Tipu MACD – indicator for MetaTrader 4

Tipu MACD – indicator for MetaTrader 4

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Tipu MACD is one the popular indicators in the market. It is based on the MACD Oscillator that was devised by Gerald Appel in late 1970s. MACD is a Momentum Oscillator that is calculated by subtracting the two price moving averages calculated on the price. It is one of the simplest indicators that provides best of both trend and momentum. You may read about Tipu MACD here.

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I have modified the original code for Tipu MACD published in the Market by removing the compatibility with Tipu Panel. This version of Tipu MACD is for learning purposes and is open for anyone who is interested in developing an Expert Advisor using this indicator.

Here is an example of how to use Tipu MACD in an Expert Advisor.

int iSignal, //signals
iTrend; //trend

//--Method#1
iSignal = iCustom(_Symbol,_Period,"Tipu MACD",2,12,26,9,PRICE_CLOSE,"",1,5,clrBlue,clrRed,true,true,"",1,false,false,false,7,0);
iTrend = iCustom(_Symbol,_Period,"Tipu MACD",2,12,26,9,PRICE_CLOSE,"",1,5,clrBlue,clrRed,true,true,"",1,false,false,false,8,0);

if (iSignal == OP_BUY) //for sell use OP_SELL
{

}
if(iTrend == OP_BUY) //for sell use OP_SELL
{

}
//--Method#2
bool BuySignal = iCustom(_Symbol,_Period,"Tipu MACD",2,12,26,9,PRICE_CLOSE,"",1,5,clrBlue,clrRed,true,true,"",1,false,false,false,9,0);
bool SellSignal = iCustom(_Symbol,_Period,"Tipu MACD",2,12,26,9,PRICE_CLOSE,"",1,5,clrBlue,clrRed,true,true,"",1,false,false,false,10,0);

MT4 Indicators – Download Instructions

ITipu MACD is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install the software?

  • Download the mq4 file from the zip file.
  • Copy the mq4 file to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on the mq4 file.
  • Attach to a chart
  • Modify settings or press ok
  • Indicator should be available on your Chart

How to remove tim.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below:

Tipu MACD – indicator for MetaTrader 4