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MACD Color Indicator

MACD Indicator with color background based on buy or sell trend


This indicator colors the background based on the value of the MACD (Moving Average Convergence Divergence) indicator, depending on its buying or selling tendency. The background color is determined based on the stochastic oscillator parameters, painting only the last 400 bars (see notes) and is used to measure the strength of a trend and the probability of a reversal.

The parameters you can modify are the same as those provided by the Metatrader MACD indicator and additionally those needed to edit the colors you decide are the most suitable for you. The following are the parameters you can modify:

  • Fast EMA: Period for the fast exponential moving average.
  • Slow EMA: Period for the slow exponential moving average.
  • MACD SMA: Simple moving average to calculate the MACD signal line.
  • Apply To: (Close price, Open price, High price, Low price, Median price, Typical price, Weighted price).
  • Color Positive Trend: Background color for an uptrend.
  • Color Negative Trend: Background color for a downtrend.
  • Color Neutral Trend: Background color for a neutral trend.
  • Print all plots?: By default, only the indicator values for up to two weeks are drawn. If you want more values, from the beginning of the bars, you will need to use the "true" value (see notes).


How to use the indicator

It works like any other Metatrader indicator that is dragged and dropped onto the chart.
Conclusion

This indicator is a useful tool for traders who use the MACD indicator. It makes it easy to identify bullish, bearish, and neutral trends in real time.

Notes

  1. If you are a market analyst or your trading uses different timeframes, it is recommended to use the free tool: https://www.mql5.com/en/market/product/109511
  2. Due to high resource consumption and fast execution, it is recommended to use the parameter "Print all plots? = false". This will limit the values obtained by the indicator to a maximum of two weeks (or the bars defined in your Metatrader Options).
  3. The restriction to 400 bars is because a market trader usually needs quick visual data, hence this limitation. (Please leave any comments on this matter in the corresponding section). In any case, if you want to overcome this limitation momentarily, you can also use the free tool mentioned in the first note to use it from the bars where you are interested to the current time, both tools were developed to be compatible.


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Wave Synchronizer is a visual indicator of wave analysis. Combines candlestick movement sequences and builds directional waves, producing synchronous movements together with the market. The beginning of each wave begins with a signal arrow, there are also alerts. The indicator will never redraw or move the arrows on the previous history. Signal arrows appear at the close of the candle. Adapts to work with any trading instruments and time frames. Easy to use and configure, contains only 2 input
PZ Order Block
PZ TRADING SLU
Indicators
Early reversals made easy A personal implementation of Order Blocks, a simple yet effective position trading strategy. The trader should enter the market or look for trades in the direction of the last order block, if the price range has not been breached in the opposite direction of the breakout. Open blocks are not drawn for clarity. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] A bullish open block is the first bullish bar after a fresh market low A bearish ope
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Pavel Zamoshnikov
4.83 (12)
Indicators
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
IQ FX Gann Levels
INTRAQUOTES
5 (1)
Indicators
CONTACT US  after purchase to get the Indicator Manual. Try Now—Limited Discount for the next 10 Buyers! Download the  Metatrader 5 Version Read the product description carefully before purchasing the product.  Due to regulatory restrictions, our service is unavailable in certain countries such as India, Pakistan, and Bangladesh. Disclaimer: • Our products are available only on mql5.com. • We never contact anyone or sell our products privately. • We do not provide any personal trading advice.
Lux Trend
Mohamed Hassan
5 (3)
Indicators
After purchase, please contact me to get your trading tips + more information for a great bonus!   Lux Trend is a professional strategy based on using Higher Highs and Lower Highs to identify and draw Trendline Breakouts! Lux Trend  utilizes two Moving Averages to confirm the overall trend direction before scanning the market for high-quality breakout opportunities, ensuring more accurate and reliable trade signals. This is a proven trading system used by real traders worldwide, demonstrating
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Utilities
A script (drag-and-drop) that colors the background of the MACD indicator according to the buy or sell trend. The parameters that you can modify are the same as those provided by the MetaTrader MACD indicator and additionally those necessary to edit the colors that you decide are the most appropriate according to your preferences. The following are the parameters that you can modify: Fast EMA. Slow EMA. MACD SMA. Apply To. Color Positive Trend. Color Negative Trend. Color Neutral Trend. Save va
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Script (drag and drop) that colors the background of the Average Directional Movement Index (ADX) indicator according to the buy or sell trend The Average Directional Movement Index (ADX) indicator is a technical indicator used to measure the strength of a trend. This script (drag and drop) colors the background of the ADX indicator according to the trend. The background color is determined by the script parameters. Parameters that can be modified: Period: The time period of the ADX indicator. T
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Utilities
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Adrian Hernandez Castellanos
Indicators
Stochastic Oscillator with Coloring This indicator colors the background according to the trend of the indicator. The indicator colors the background according to the value of the stochastic oscillator, whether it is an uptrend or a downtrend. The background color is determined by the parameters of the stochastic oscillator, painting only the last 400 bars (see notes). Parameters that you can modify: %K Period : The %K period %D Period: The %D period Slowing: The slowing period Price Field : Lo
ADX Color Indicator
Adrian Hernandez Castellanos
Indicators
Average Directional Movement Index (ADX) indicator that colors the background according to whether the trend is up or down. The ADXColor indicator is a technical indicator that measures the strength of a trend. The background color of the indicator is determined by its parameters and only paints the last 400 bars. The parameters you can modify are: Period: The time period of the ADX indicator. Trend Level: The minimum level that the ADX indicator must reach to be considered a bullish or bearish
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Adrian Hernandez Castellanos
Indicators
Trendline Breakout Alert Description: This indicator triggers an alarm (sound, alert or notification) when the price breaks a trendline, either above or below it. Parameters: Names of the trendlines. : Comma-separated names of the trendlines (Make sure your trendline name does not have spaces at the beginning and is exact). Value over/under the line (E.g.: 0.03% or 500 pips). : Value that defines a margin above/below the trendline before triggering the alarm, can be given in percentage or pips,
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Version 1.9 2024.02.29
Leap year patch.