Macd Indicator Needed

Real MACD

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!

Macd Indicator Needed

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

RE Colored MACD

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

ejpdl

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

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

Re Colored MACD

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

Thankyou for trying.

I hope some one will come up with the solution.

BEST WISHES,

NEWTRADER

Re MACD_Color

Hi NewTRader

I found this one Maybe this could help

ejpdl