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I applied the standard macd that comes with MT4 and your macd with same values but I do not know why it is showing different results.
Image attached.
I also attached the standard MACD that comes with every MT4 version.
Could some one please help me.
All I want is a simple MACD indicator that shows two colors.
MAcd histogram below 0 = red histogram bars
MAcd histogram above 0 = green histogram bars
The 2 indicators are showing exactly the same results, the red lines are the same and your Histogram if changed to a line it would look identical to the Blue line in the lower MACD, it is a trap many people fall into with the MT4 MACD. The MT4 MACD does not actually show the conventional MACD Histogram. Hope this helps
Hi Newtrader
I understand what you are looking for I checked the ones that I have, but unfortunately I do'nt have one like that
The closest that I could get was on this thread MACD_Colored Indicator for 4 Hour Strategy (300+ Pips per Month)
Sorry, I'm not technical Would luv to help
ejpdl
MACD Oscillator
Macd Indicator Needed
Linear Mode
