MACD indicator with distribution display for MT4

For those who are interested. I decided to create a new thread, because I don't want to clutter the WVB2 thread with stuff that doesn't really belong there (like indicator specifics).

The indicator is a MACD that let's you specifiy the method (SMA, EMA, ...), period and price (close, median, ...) used for the two MAs. It can calculate the slope of the difference between MAs (xDiffOrder param set to 1). By setting xShowDistrib to 'true', it can display the distribution of the 1st MA around the 2nd one.

I wrote it after I had read the Vegas 4H Method document. I wanted to see the difference of the difference between the two moving averages, but there was no indicator that could show that (I believe). After reading the VWB2 doc, I also wanted to see the distribution of the difference.

Btw, ...:
- It isn't particulary optimized for speed (it's quite slow, in fact).
- It *may* blow up your computer, but the probability of that happening is low (depending on your setup) - you have been warned ...

Extract the attached zip file into the MT4 experts folder.

The contents of the zip file:
indicators/JK_MACD_2.mq4
include/JK_Lib.mqh

Extract to the experts folder? Not experts>indicators?

If so, how does one "run" an expert against a given chart?

Thanks for your work on this.

The contents of the zip file:
indicators/JK_MACD_2.mq4
include/JK_Lib.mqh

That's why you need to extract it into the experts folder .

Hi Jure,

Thanks for the indicator, it looks very interesting.

The distribution looks flat when xdiforder = 0 but bell distributed when it equals 1. What exactly is it telling us?

Also, is there any way to set the sample taken? Currently it is set at 1500, but maybe a shorter sampling range may be better for daily bars?

Hi Guy's,
admittedly this little indictor thread has not been touched upon for many, many moons...going by the last post here anyway.

I am currently reading the VWB2 thread which show's this indicator. The VWB2 thread is also fairly old now, so maybe no-one has really picked up on this indicator but it has intrigued me.

Can someone tell me how to use the data that this indicator gives ??