Macd Indicator Needed

keith · 02-20-2006, 03:05 PM

Does anyone know of a MT4 indicator for a MACD Oscillator?
I'm new to this stuff and could use some help.

Kubera · 02-20-2006, 03:37 PM

There is a MACD built into TM4 but it doesn't have a histogram. I have attached a real MACD that plots a histogram.

keith · 02-20-2006, 07:07 PM

Quote:

Originally Posted by Kubera

There is a MACD built into TM4 but it doesn't have a histogram. I have attached a real MACD that plots a histogram.

Thank You Kubera, I'll give it a try!

newtrader1 · 09-20-2007, 12:27 PM

Can some one tell me where to find a MACD indicator that show two colors.
EXAMPLE: MACD above zero line green
EXAMPLE: MACD below zero line red

BEST WISHES,
NEWTRADER

ejpdl · 09-20-2007, 02:21 PM

I have this one in my folders Could that work for you?
ejpdl

newtrader1 · 09-20-2007, 10:32 PM

Hi

Thankyou for trying.

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

cja · 09-20-2007, 11:04 PM

Quote:

Originally Posted by newtrader1

Hi

Thankyou for trying.

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

newtrader1 · 09-20-2007, 11:10 PM

Yes I heard this thing in another forum too

but I am trying to create a trading system and un-fortunately it is working so far with standard MACD that comes with MT4.

Can some one code two color for me with standard MACD?

BEST WISHES,
NEW TRADER

ejpdl · 09-20-2007, 11:22 PM

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

newtrader1 · 09-20-2007, 11:26 PM

Thankyou for trying.

I hope some one will come up with the solution.

BEST WISHES,
NEWTRADER