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MACD-2 Displays the MACD–Signal Difference as a Histogram

Article MQL5 code base
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Summary

MACD-2 presents the MACD indicator with two visual elements: a colored cloud and a histogram showing the difference between the MACD line and its signal line. This describes a display format for viewing MACD relationships; it does not specify trading rules or entry and exit conditions.

The note says the indicator was originally written in MQL4 and published in 2007, and that the version described was translated from Russian. It provides no performance evidence, parameter settings, or explanation of how to interpret the colors. Traders would need to consult the indicator itself for those details and test any use in their own market and timeframe.

Key ideas

  • The indicator displays MACD as a colored cloud.
  • A histogram represents the difference between the MACD line and its signal line.
  • The document gives no trading rules or evidence of performance.

Tags

Technical indicators

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