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