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MACD 4 Color Indicator MT4

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Published: 23 April 2025

Current version: 1.3

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MACD 4 Color Indicator MT4

Indicators
Eda Kaya
Version: 1.3

MACD 4 Color Indicator for MetaTrader 4
The MACD 4 Color Indicator for MetaTrader 4 (MACD 4C) is a refined upgrade of the traditional MACD, designed to not only indicate trend direction but also visualize the strength of the trend using four distinct color codes. These color variations are derived from the gradient of the moving average lines. It is particularly effective for identifying when a trend begins or starts to fade. The tool also incorporates divergence and convergence principles, making it suitable for advanced technical analysis.

«Indicator Installation & User Guide»

Indicator Table

Category	Momentum – Volatility – Strength
Platform	MetaTrader 4
Skill Level	Intermediate to Professional
Indicator Type	Continuation – No Repaint
Time Frame	Suitable for All Time Frames
Trading Style	Intraday – Swing – Position
Market	Forex – Crypto Assets

Indicator Overview
The MACD 4 Color Indicator for MetaTrader 4 utilizes color-coded signals based on the incline or decline of the EMA values. In a downward trend, a sharp decline is visualized with deep red (strong bearish signal), while a softer downward slope appears in lighter red. During bullish phases, bright green signals strong positive momentum, while a weaker climb is indicated by a darker green hue. These color changes help traders assess trend durability or signal a possible transition in market direction.

Bullish Trend Conditions
On the EUR/USD 15-minute chart, light red areas highlight a weakening bearish move, followed by a transition into a strong bullish momentum indicated by light green. As momentum begins to stabilize, the histogram shifts to dark green, reflecting reduced upward pressure.

Bearish Trend Conditions
On the 1-hour chart for USD/CAD, dark green bars suggest a weakening bullish phase, which transitions into a strong bearish trend marked in deep red. Following the main move, the histogram returns to light red, signaling loss of bearish strength.

Indicator Settings

Fast EMA: 12-period Exponential Moving Average
Slow EMA: 26-period Exponential Moving Average
Signal SMA: 9-period Simple Moving Average

Summary
The MACD 4 Color Indicator for MetaTrader 4 is ideal for traders seeking enhanced visual cues for trend analysis. Its color-coded system offers more insight than the standard MACD, allowing better recognition of trend momentum and shifts. When combined with indicators like the Stochastic Oscillator or RSI, this tool can significantly enhance decision-making in various market conditions.

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