MACD HISTOGRAM DIVERGENCE/CONVERGENCE
Looking to the community for some help, I’ve attached the stock MACD Histogram mq4 file that is found on the mt4 platform. The problem that I’m having is, that I would like to trade upon the arrows (convergence/divergence). However, I cant configure this indicator, so my EA Wizard will be able to read whether an arrow has appeared. Thanks in advance.
There’s an output value called “Signal” which represents MACD value when that arrow appears. You need to import this indicator into EA Wizard. Check guide I attached here.
Hello Tomas, I have uploaded the indicator to EA Wizard, however the problem is a separate issue. I basically need to know how to assign a value to the arrows that appear on mt4 with the indicator, ex: Green Arrow = 1 and Red Arrow =0 or something similar, this will allow give a distinct value to when the arrows appear. Currently, the value of the arrows are represented in the data windows as; Signal = Green Arrow and Histogram = Red Arrow. However, the problem is, when I create an indicator I cannot assign get the indicator to appear when the arrows do. So basically could you please help me create an sqw indicator file that creates a indicator up/down arrow when a red and green arrow appear?
Yes, I can try it. It will take some time. Will let you know when ready
Sounds good, thank you
Hello, I checked it once again. The problem here is that those arrows are just drawing. There are actually no variable values that can be used in conditions in MetaTrader – you cannot work with indicator drawings in Wizard.
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