Really struggling with my MACD setup on Metatrader 4

 

Could someone please help me, I'm fairly new to trading and only learning a few basic indicators, the MACD being one of them. I have used this tool on other platforms and they seem to be different from the one on Meta trader 4? As i said, I'm still learning so am not very big on all the tool names and its components so my description may not be very clear as to my problem.

The other MACD's i have seen consist of 2 moving averages which usually highlight a signal on crossover.

Mine seems to have 1 line and a histogram which i really find hard to read??

I would be very grateful if anyone could offer me any help on how to resolve this issue??


Ian

 

There are macd's with one line and histogram, two lines and no histogram and two lines with histogram.

Meta trader's macd has one line and histogram and uses a SMA for the signal line.

Rob Bookers's (two lines and histogram) uses a EMA for the signal line,

There are other variants.

Find the one you like.

 

Hi iannai69,

Use MACD attached in here https://www.mql5.com/en/forum/141175 and read the whole topic there

 
Thanks, managed to get the program but now i am struggling with actually getting the MACD onto my charts now, i saved the program into my templates but when i go to load template, it isnt there?? I know i'm doing something wrong but what??
 
iannai69:
Thanks, managed to get the program but now i am struggling with actually getting the MACD onto my charts now, i saved the program into my templates but when i go to load template, it isnt there?? I know i'm doing something wrong but what??
Please don't double post . . . https://www.mql5.com/en/forum/141714 where would you like people to reply to you ?