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Version: 3.0

Example J2: Two oscillator lines combined as signal

caution

This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.

Description​

This example combines MACD histogram crossings for signal generation. When the MACD main line crosses above the signal line, momentum shifts from negative to positive. This zero-line crossing approach identifies momentum changes that often precede price moves.

MACD combines trend and momentum elements, making it versatile for various market conditions. The histogram visualization shows the difference between lines, making crossings easy to identify. Both lines are displayed for complete understanding of the indicator dynamics.

Two-line oscillators provide more nuanced signals than single-line versions. The relationship between lines reveals momentum acceleration and deceleration, offering insights beyond simple overbought/oversold conditions.

Recreate the Example​

You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:

Trade Basics

  • Operation type = Long signals only drawn
  • General signal visualization = On

Signal Generation - Indicators (MACD Main line)

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = MACD
  • Line index = Main line
  • Draw in chart = On
  • Drawing slot = 1

Signal Generation - Indicators (MACD Signal line)

  • Signal in use = On
  • Signal used for = Entry
  • Selected indicator = MACD
  • Line index = Signal line
  • Draw in chart = On
  • Drawing slot = 2

Signal Generation - Indicator Combinations (MACD Main line & MACD Signal line)

  • Signal in use = On
  • Signal used for = Entry
  • Input indicator 1 = MACD (Main line)
  • Input indicator 2 = MACD (Signal line)
  • Value relation = Value 1 cross value 2

Screenshots​

Example J2: Two oscillator lines combined as signal.webp