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.

General Assumptions

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

Trading Signals

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.

Download

Download the RealMACD Metatrader 4 indicator.

Configurable Indicator Options

FastMAPeriod, SlowMAPeriod, SignalMAPeriod

AUD/USD 4 Hour Chart Example

realmacd-metatrader4

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