MACD Strategy opens a long position when the histogram delta crosses above zero and enters a short position when it crosses below zero. Users can customize the fast EMA length, slow EMA length, and MACD signal smoothing length. The script operates as a pure reversal system with no explicit stop loss, take profit, or position sizing rules defined.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
fastLength
int
12
fastLength
slowlength
int
26
slowlength
MACDLength
int
9
MACDLength
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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