2XMA: A MACD Histogram Displayed on the Price Chart

Summary

2XMA is described as a way to draw the MACD histogram on an asset’s price chart using two signal lines. The description identifies the indicator’s author and states when it was first published in an MQL4 code library.

The document is brief and focuses on what the indicator displays and a software dependency: it uses classes from a smoothing-algorithms library. It does not specify the MACD settings, explain how the two lines are derived, or give entry and exit rules. No chart interpretation examples, performance evidence, or risk discussion are included, so the material supports understanding the indicator’s basic presentation but not evaluating it as a standalone strategy.

Key ideas

• 2XMA displays a MACD histogram with two signal lines on the asset price chart.
• The description names the indicator’s author and original publication date.
• Its implementation depends on a separate smoothing-algorithms library.
• The document gives no trading rules, parameter settings, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.