default customization of charts in mt4 for mac

It can also be used to confirm the resumption of momentum using the lime and red bars as a signal. This indicator can be used to identify trend direction based on whether the MACD bars are generally positive or negative. The “signal_period” refers to the number of periods used to compute for the signal line derived from the MACD bars. The “fast_ema_period” and “slow_ema_period” variables refer to the number of bars used for the two underlying EMA lines used to compute for the MACD bars. This indicator has three variables which can be used to modify the sensitivity of the MACD. How to use the MACD Colored Histogram Indicator for MT4

It plots gray bars either when the MACD bars are positive but below the signal line or negative but above the signal line. It also plots red bars whenever the MACD bars are negative and below the signal line. This indicator plots lime bars whenever the MACD bars are positive and above the signal line. It also computes for the Simple Moving Average (SMA) derived from the MACD bars, which is then plotted as the signal line. It then plots the difference as the MACD bars. The MACD Colored Histogram Indicator computes for the difference between two underlying Exponential Moving Average (EMA) lines. How the MACD Colored Histogram Indicator Works? It also plots gray MACD bars to indicate a reversal coming from either an overbought price level or an oversold price level. It plots lime MACD bars to indicate a bullish momentum and trend, and red MACD bars to indicate a bearish momentum and trend. This version of the MACD plots MACD histogram bars that change colors to indicate trend and momentum direction. What is the MACD Colored Histogram Indicator? The MACD Colored Histogram Indicator is a modified version of the classic MACD Indicator developed for the purpose of clearly showing users where price might reverse or resume momentum. In fact, many seasoned profitable traders use the MACD as their main oscillator.

The classic MACD, which means Moving Average Convergence and Divergence, is one of the most widely used technical indicator. 5.2 Recommended Forex MetaTrader 4 Trading Platform.5.1 MT4 Indicators – Download Instructions.4 How to use the MACD Colored Histogram Indicator for MT4.3 How the MACD Colored Histogram Indicator Works?.2 What is the MACD Colored Histogram Indicator?.1 Introduction to the MACD Colored Histogram Indicator.

Default customization of charts in mt4 for mac