Best MACD for 4 H Cryptocurrency Chart
Adding MT4 MACD Indicator
Step 1: Open the Navigator Window on BTCUSD Trading Software
Open the Navigator window as illustrated and shown below: Navigate to 'View' menu (click it) and then select 'Navigator' window (click), or From Standard Tool Bar click 'Navigator' button or press keyboard short cut keys 'Ctrl+N'
On the Navigator window, select 'Technical Indicators', (DoubleClick)
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Adding MACD MT4 Cryptocurrency Chart Indicator
Expand the technical indicators window menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the MACD indicator from this list of cryptocurrency indicators so as to add the MACD indicator on the bitcoin chart.
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How to Add Custom MACD Bitcoin Indicator on MetaTrader 4
If the technical indicator you want to add is a custom MACD indicator - for examples if the MACD indicator you want to add is a MACD custom indicator you'll need to first add this custom MACD indicator on the MT4 software & then compile the custom bitcoin MACD technical indicator so that the new added MACD custom bitcoin indicator appears on the list of custom indicators on the MT4 platform.
To learn how to install MACD indicator on MetaTrader 4, how to add MACD indicator window to MT4 and how to add bitcoin MACD custom indicator on MT4 - How to add a custom MACD bitcoin Indicator in MetaTrader 4.
MACD Cryptocurrency Technical Indicator Described
MACD Bitcoin Technical Analysis & MACD BTCUSD Signals
The MACD is one of the simplest, reliable, and most commonly used cryptocurrency trading indicators.
MACD is a momentum oscillator & also a bitcoin trend following indicator.
Construction of MACD Technical Indicator
The construction of this MACD technical indicator calculates the difference between 2 moving averages and then draws that as the 'Fast' line: the a second 'Signal' line is then calculated from the resulting 'Fast' line and then plotted on the same panel window as 'Fast' line.
- 'Fast' line - Blue Line
- 'Signal' line - Red Line
The 'standard' MACD indicator values for the 'Fast' line is a 12-period exponential moving average and a 26-period exponential moving average and a 9-period exponential moving applied to the fast line, this draws the 'Signal' line.
- MACD FastLine - difference between 12 & 26 exponential moving averages
- MACD Signal Line - moving average of this difference of 9-periods
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MACD BTCUSD Technical Analysis and Generating Bitcoin MACD Trading Signals
The MACD indicator is a commonly used as bitcoin trend following technical indicator & works most effectively when analyzing bitcoin trending bitcoin price movements. The three common strategies of using MACD indicator to generate bitcoin signals are:
Crossovers BTCUSD Signals:
MACD FastLine, MACD Signal Line Crossover:
- A buy btcusd trading signal gets generated when MACD Fast line crosses above the MACD Signal line
- A sell btcusd trading signal gets generated when MACD Fast line crosses below MACD Signal line.
However, in a strong bitcoin trending market this signal gives a lot of whipsaws, the best bitcoin MACD crossover to use would thus be the MACD Zero Line Crossover Signal that is less prone to bitcoin whipsaws.
MACD Zero Line Crossover Trading Signals:
- When the MACD FastLine crosses above the MACD zero center line a buy bitcoin trade signal is generated.
- when the MACD FastLine crosses below MACD zero center-line a sell bitcoin trade signal is generated.
MACD Divergence Bitcoin Trading:
Looking for divergences between the MACD indicator and bitcoin price can prove to be very effective in spotting potential bitcoin trend reversal and/or bitcoin trend continuation points in bitcoin price movement. There 2 types of MACD divergences:
- MACD Classic Divergence Bitcoin Signals
- MACD Hidden Divergence Bitcoin Signals
MACD Overbought BTCUSD Trading Levels and MACD Oversold Bitcoin Trading Levels:
MACD indicator is also used to identify potential overbought & oversold levels in bitcoin price action movements.
These overbought and oversold levels are generated if the shorter MACD Lines separate dramatically from the median, this is a signal that bitcoin price action is over extending and it will soon return to more realistic areas.
MACD & Moving Average Crossover BTCUSD Trading System
MACD technical indicator can be combined with other indicators to form a cryptocurrency system. A good MACD indicator combination is with the Moving Average cross-over cryptocurrency trading system. A cryptocurrency signal is generated when both bitcoin technical indicators give a trade signal in same direction.
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