Best MACD for 4 Hour Chart
Adding MetaTrader 4 MACD Indicator
Step 1: Open the Navigator Window Panel on Software
Open Navigator window as illustrated & displayed below - Go to 'View' menu (then click) & then choose 'Navigator' panel (click), or From the Standard ToolBar click 'Navigator' button or press short cut keyboard keys 'Ctrl+N'
On Navigator panel, choose 'Indicators', (Double Click)
Best MACD for 1H Chart - Best MACD for 4 Hour Chart - Best MACD Indicator Setting for Daily Chart XAUUSD
Step 2: Expand the Indicators Menu on the Navigator
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 indicators so as to add the MACD technical indicator in the chart.
Best MACD for 1 Hour Chart - Best MACD for 4 Hour Chart - Best MACD Indicator Setting for Daily Chart XAUUSD
How to Add Custom MACD Indicator to MT4
If the technical indicator you want to add is a custom MACD indicator - for example if the MACD indicator you want to add is a MACD custom indicator you will need to first add this custom MACD indicator in MetaTrader 4 software and then compile custom MACD technical indicator so that the new added MACD custom indicator appears on the listing of custom indicators in MT4.
To learn how to install MACD indicator on MetaTrader 4, how to add MACD indicator window to MT4 and how to add MACD custom indicator on MT4 - How to add a custom MACD trading Indicator on MT4.
MACD Indicator Described
MACD Technical Analysis and MACD Signals
The MACD indicator is one of the simplest, reliable, & most commonly used technical indicators.
MACD is a momentum oscillator and also a trend following indicator.
Construction of MACD
Construction of this MACD technical indicator calculates the difference between two moving averages & 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 the '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 & a 26-period exponential moving average & a 9-period exponential moving applied to the fast line, this draws the 'Signal' line.
- MACD Fast-line - difference between 12 & 26 exponential moving averages
- MACD Signal-line - moving average of this difference of 9-periods
Best MACD for 15 Minute Chart - Best MACD for 5 Minutes Chart
MACD Analysis & How to Generate MACD Trade Signals
The MACD indicator is a commonly used as trend following indicator & works most effectively when analyzing trending price movements. The three common strategies of using MACD indicator to generate signals are:
Crossovers Trade Signals:
MACD Fast-line, MACD Signal Line Crossover:
- A buy signal gets generated when MACD Fast line crosses above the MACD Signal line
- A sell signal is generated when MACD FastLine crosses below the MACD Signal-line.
However, in a strong trending market this signal gives a lot of whipsaws, the best MACD cross-over to use would thus be the MACD Zero Line Crossover Signal that's less prone to whipsaws.
MACD Zero Line Crossover Signals:
- When the MACD FastLine crosses above the MACD zero center line a buy signal is generated.
- when the MACD FastLine crosses below the MACD zero center line a sell signal is generated.
MACD Divergence XAUUSD:
Looking for divergences between the MACD indicator & price can prove to be very effective in spotting potential trend reversal and/or trend continuation points in price movement. There two types of MACD divergences:
- MACD Classic Divergence Signals
- MACD Hidden Divergence Signals
MACD Overbought Levels & MACD Oversold Levels:
MACD indicator is also used to identify potential overbought and oversold levels in price action movements.
These overbought and oversold zones are generated if the shorter MACD Indicator Lines separate dramatically from the median, this is a signal that price action is over extending and it will soon return to more realistic areas.
MACD & MA Crossover Gold System
MACD technical indicator can be combined with other indicators to form a gold system. A good MACD indicator combination is with the Moving Average cross-over system. A signal is generated when both technical indicators give a trade signal in the same direction.
Best MACD for 15 Minute Chart - Best MACD for 5 Minutes Chart
