Help with MACD set up on MetaTrader 4

[ChilliBear]

Thanks Shane the Zipped MACD worked a treat..

And.... I'm new here so Hello ALL!

Happy Pippin

[SDC]

The mt4 macd seems weird at first untill you get used to it, the outline of the histogram is also the main macd line.
Once you do get used to it you'll see it is visually more obvious than a 2 line macd when a reversal is about to happen.
The way I look at it is, when the signal line is inside the histogram area all you need to do it look for the signal line to come out of the histogram to signal a reversal about to happen.

[ChilliBear]

The mt4 macd seems weird at first untill you get used to it, the outline of the histogram is also the main macd line.
Once you do get used to it you'll see it is visually more obvious than a 2 line macd when a reversal is about to happen.
The way I look at it is, when the signal line is inside the histogram area all you need to do it look for the signal line to come out of the histogram to signal a reversal about to happen.

Nice explination. I just attatched them both and I see what you mean. I am still preffering the classic look but I will see how it goes. Good to know for the future though... thanks.

Chilli

[oiltrader]

The MACD indicator that you get with MetaTrader plots the main MACD line as a histogram and the signal line as a...well....line.

Why they have made it like that is beyond me. Some may see it as a deliberate attempt to confuse the newcomer.

And if you download the OsMA indicator (which is supposed to show the Histogram) you should change it so that all MA used in the calculations are EXPONENTIAL.

Alternatively, you can unzip the attached file to your MetaTrader/Experts/Indicators folder, then load it up to get a complete MACD with Histogram.

Happy trading.

Hi Shane, thanks for sharing the MACD, can this be used on the strategy simulator on MT4?

The MACD example there is out of whack. anyone here have a code for the strategy tester?

Thanks!
OilTrader

[artaudo]

Hi ...Here it is October 4, 2010 and I've just uploaded this version of MACD Complete into Metatrader 4 and it seems to function as a MACD should still.

I copied the files into the expert/indicator folder of MT4 as prescribed, and was able to locate it in the Navigator Panel under Custom Indicators.

Just wanted to give the next person a thumbs up on this. Cheers!

[hoonyb123]

Thanks Shane, that was very helpful! Works perfectly!

[Mamabellina]

Thank you so much Potaire! Even though you posted these guidelines back in Jan 2009 I used it today which was massively helpful!
Kind regards

[jymarc]

Thanks to Potaire for the MACD classic. Big help. We can see what is going on now.

[blogire]

First of All I want to thank to the user who showed us the way of find complete MACD in MT4.

It is extremely Cool. thanks Bro

Cheers

[joforex]

Hello Potaire, your 3 year old advice still works and I today downloaded the MACD Traditional from the IBFX website and installed it in my MT4 platform (Alpari US demo account) with ease based on your instructions. Piece-of-cake --two or deux! Many thanks.