RealMACD Metatrader 4 Indicator
Here’s another more useful version of the standard MACD indicator. The realMACD indicator plots two additional lines (blue and red) in a separated window below the main chart. The indicator also draws the default histogram bars.
Bullish Trend: Histogram above 0.00 and both blue and red lines above 0.00
Bearish Trend: Histogram below 0.00 and both blue and red lines below 0.00
Flat Trend: Histogram above 0.00 and both blue and red lines below 0.00 OR histogram below 0.00 and both blue and red lines above 0.00
BUY: Blue line has crossed up the red line.
SELL: Red line has crossed down the blue line.
Use in combination with trending indicators/tools.
Configurable Indicator Options
FastMAPeriod, SlowMAPeriod, SignalMAPeriod
AUD/USD 4 Hour Chart Example