Hello everyone,
I am a newbie here. So far have been using MT4, but have a problem that need your help. Haha…
I saw a lot of MACD which has 2 lines, but in MT4 only got 1 line? I am thinking is there any ways to fix this? Perhaps a modification? lol…
Or should I use other charting software?
Please advise… 
I am an expert on understanding the MACD but an ignoramus when it comes to MT4.
The signal line is an exponential average of the line that you see - the MACD line.
Maybe it is just invisible and you need to click a box of some sort.
The MACD always comes with 2 lines, the MACD and the signal.
On GFT Dealbook, the program I use, the MACD has the histogram on it as well.
Some one who knows MT4 should be able to answer your question more fully.
I prefer Dealbook too, but if you want to use MT4, go to the IBfx website and click on Trading tools. There you’ll find an indicator “IBFX MACD Traditional”. That should do the trick.
Sorry, I can’t post the direct URL, or I’ll get a warning again from the Moderators. 
Right click on your chart and select Indicators List
Click on MACD and then on the Edit button
Click on the Colors tab
There should be two boxes with a colour in. One of them will say “None” - change this one to a colour of your choice.
Click OK, then Close
That should sort it!
In MT4, I can only see 1 line (red in default) and a histogram.
I want to use the one which is similar to [U]stochastic[/U], so that I can see when they cross each other to take action.
I saw one in DeltaStock, and in some video which is one i want to use for practicing.
Btw, anyone has any experience with Deltastock?
Momok, import the indicator I in mentioned in post #3.
It has as MACD line, signal line and histogram, just as (I believe) you want it.
Me
Actually, the built in MACD in MT4 is seriously flawed, useless in fact.
You can use the built in custom indicator called OsMA to at least get the histogram correct.
If you want the two lines as well you can find it here: MACD Metatrader MQ4 Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker - indicators, expert
Just copy and paste the entire code into wordpad and name it MACD_correct.mq4, then move the file to the experts/indicators folder and restart MT4. Tada, you’ll find it under custom indicators.
How so? I don’t actually use it but interested to know why…
When comparing the correctly calculated MACD histogram bars with those of the MT4 built in MACD, you’ll find that when the correct one has negative bars the MT4 often shows positive bars and vice versa.
Add both to any chart and you’ll immediately see it.
I donb’t know the mathematical explanation though, but the built in MACD must be calculated in a quite different manner.
I thought the default MACD in MT4 was showing the MACD line as a histogram and the signal line as a line (or vise versa), and not showing the histogram as we all know it at all.
If you use the indicator I mentioned before, I guess you won’t have this problem anymore (but check it out before you use it).
Maybe you’re right, haven’t thought about that. Anyway, it ain’t right
Hey Man 
I have MACD for you, but cannot attach file on this forum (drop me your e-mail and i will send it to you).
This one is a true MACD (MT4 MACD is lagging a bit compare to this one)
not sure if this thread is still alive…
re: MACD on MT4 - the “MACD LINE” is represented by the histogram. The “SIGNAL LINE” is the actual line that you see. The difference between this format and the more traditional two line and histogram format is that the histogram in the MT4 format does not show the difference between the MACD and SIGNAL LINES. As aforementioned, the histogram IS the SIGNAL LINE. (If you think about it, you get the same information. You can see the difference b/w the MACD and SIGNAL lines without the need for an additional histogram as in the traditional 2 line macd format). On MT4, when the MACD LINE is above the SIGNAL LINE, you will see the histogram (MACD LINE) above the SIGNAL LINE (and vice versa). The only thing the traditional 2 line format adds is the histogram which shows the magnitude of the difference between the two “lines”, in histogram format. It is not necessary, though. You can simply eyeball the difference between the lines.
hope this helps.
FromJDtoFX is absolutly right. The confusion is because you are getting a regular MACD confused with a MACD histogram. It’s the same data, but shown differently.
I took a screenshot of this in action a few months ago to answer a question on the Cowabunga system thread. Notice that anytime the green bars cross the red line on the MACD that the OsMA (which is a MACD histogram) crosses the zero line.
Same data, just different ways to display it…
Me2995 is correct–I just followed his directions and installed the “Traditional MACD”. Must turn off MT4 after the download/install, then turn it back on–it will then be in your “Custom Indicators”. You will now have the 2 lines, and the Histogram (Histogram is identical to the OsMA if you wanna show both at once). Easier to see the whole picture at once (IMO).
Potaire
Hi There
I would like to import some indicators onto GFT Dealbook. Its a zipped folder called “Trendrunner” which I found here on Babypips. Do you know how to do this. I have managed to do it on a MT4 demo but my live account is with GFT and so would prefer to keep my GFT a/c
Thanks