FOREX TRADING COACHES - MACD

MACD

Parameters

(Click here for more info about parameters)

FastEMA=12
SlowEMA=26
SignalSMA=9
DisplayCrossAlerts=false
EmailCrossAlerts=false

FastEMA, SlowEMA, SignalEMA

These three parameters are the standard values for MACD indicators.  You should leave these at their default values unless you specifically desire your MACD indicator to be calculated using different moving averages.

DisplayCrossAlerts

The MACD indicator is able to alert you when the MACD and Signal line cross, or when the MACD line crosses the waterline.  If you set this to true, you will receive an audible alert and an alert window when a closed candle causes a new cross of the moving averages, or causes the MACD line to cross the waterline.  These alerts will happen once per candle.  Note that when you change the period of a chart, the indicator resets itself to thinking that the current candle has not fired an alert yet.  So, under certain conditions, changing the chart period back and forth could cause multiple alerts.

EmailCrossAlerts

If this is set to true, and the DisplayCrossAlerts is also set to true, then alerts will additionally be sent to the email address you have configured in your trade station.