MACD 4 Color Indicator MT5
- Indicadores
- Eda Kaya
- Versão: 1.3
MACD 4 Color Indicator for MetaTrader 5
The MACD 4 Color Indicator for MetaTrader 5 (MACD 4C) is designed to provide a clearer visualization of market momentum and trend dynamics. As an enhanced variant of the traditional MACD, this tool incorporates four distinct color signals in the histogram, reflecting not only the direction of the trend but also its intensity. It helps traders interpret price behavior more accurately by analyzing the slope variations of the moving averages.
«Indicator Installation & User Guide»
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Indicator Table
Category | Oscillator - Momentum - Trend Power |
Platform | MetaTrader 5 |
Skill Level | Intermediate |
Indicator Type | No Repaint - Trend Following |
Time Frame | Multiple Time Frames |
Trading Style | Swing Trading - Position Trading - Intraday |
Market | Forex - Digital Assets |
Indicator Overview
During bullish phases, the MACD 4 Color Indicator uses light green to represent a rising momentum and dark green to signal diminishing strength. For bearish cycles, dark red indicates a strong downtrend, while light red signals fading selling pressure. When combined with other technical tools, this oscillator gives traders a more in-depth analysis of market movements and trend reversals.
MACD 4 Color in a Bullish Market
In a 4-hour GBP/USD chart, the indicator showcases its bullish application. Initially, a weakening bearish momentum is indicated by light red bars. Following this, a transition to a green phase confirms the upward trend. The histogram then shifts to dark green, showing the slowing momentum as the uptrend approaches exhaustion.
MACD 4 Color in a Bearish Market
In the case of USD/CAD on a 1-hour chart, the histogram begins with dark green, marking weakening bullish strength. This is soon followed by a clear dark red section, signaling a strong bearish movement. Such transitions help traders identify early signs of trend reversals or continuations.
Indicator Settings
- MACD Fast Period: Set to 12 (Exponential Moving Average)
- MACD Slow Period: Set to 26 (Exponential Moving Average)
- Signal Line Period: Set to 9 (Simple Moving Average)
Summary
The MACD 4 Color Indicator for MetaTrader 5 is a powerful analytical tool for assessing market trends and their intensity. It expands on the capabilities of the standard MACD, offering traders who rely on divergence/convergence strategies a more refined visual representation. Through its dynamic color-coded histogram, it delivers real-time insights into the strength and direction of market momentum across various trading instruments.