BB MACD indicator for MT5

The BB MACD is a MACD (Moving Average Convergence Divergence) indicator variation with an addition of Bollinger bands that can help you to detect the trend change points and measuring the strength of a current trend.


The indicator is separated into two parts:

  •  the "line" part that is the colored MACD value;
  •  the "channel" part that is the Bollinger bands drawn that way to make it easier for you to detect the changes of MACD within the channel.

The color of the MACD depends on the slope of the MACD and the relative position within the Bollinger bands. Whenever the bands are broken, the color is changed to show you the accurate moment if the breakout happens.

You can download the indicator here: