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MACD 4 Color Indicator for MetaTrader 5 Download - Free - [Trading Finder]

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MACD 4 Color Indicator for MetaTrader 5 Download - Free - [Trading Finder]
MACD 4 Color Indicator for MetaTrader 5 Download - Free - [Trading Finder] 0
MACD 4 Color Indicator for MetaTrader 5 Download - Free - [Trading Finder] 1
MACD 4 Color Indicator for MetaTrader 5 Download - Free - [Trading Finder] 2
MACD 4 Color Indicator for MetaTrader 5 Download - Free - [Trading Finder] 3
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The MACD 4 Color Indicator (MACD 4C) is useful for detecting trend direction and strength on the MetaTrader 5 platform. This indicator is an advanced version of the MACD indicator. The MACD 4 Color displays not only trend direction but also trend strength using four different colors based on the slope of the moving averages. With the help of this oscillator, traders can make better decisions when entering and exiting trades.

Indicator Table

Category

Oscillator - Volatile - Strength

Platform

MetaTrader 5

Skill Level

Intermediate

Indicator Type

Non-repainting - Continuation

Time Frame

Multi Time Frame

Trading Style

Short-Term - Medium-Term - Long-Term

Market

Forex - Cryptocurrencies

MACD 4 Color in an Uptrend

The price chart of the GBP/USD currency pair in a 4-hour time frame shows how the MACD 4 Color Indicator performs in an uptrend. According to the image, the weakness of the downtrend is drawn in light red in the histogram, and then the indicator starts showing the uptrend in light green. After the uptrend ends, the histogram clearly shows the weakness of the uptrend in dark green.

Bullish Trend
MACD 4 Color Indicator performance in an uptrend

MACD 4 Color in a Downtrend

The price chart of the USD/CAD currency pair in a 1-hour time frame shows how the MACD 4 Color Indicator performs in a downtrend. According to the image, the weakness of the uptrend is drawn in dark green in the histogram, and then the indicator shows the downtrend in dark red.

Bearish Trend
MACD 4 Color Indicator performance in a downtrend

Indicator Settings

Indicator Settings
MACD 4 Color Indicator Settings
  • MACD Fast Period: Exponential Moving Average fast period set to 12;
  • MACD Slow Period: Exponential Moving Average slow period set to 26;
  • Signal Period: Simple Moving Average signal period set to 9.

Summary

The MACD 4 Color Indicator (MACD 4C) in MetaTrader 5 effectively detects trend direction and strength. This indicator is much more advanced than the standard MACD and is especially suitable for traders using convergence and divergence strategies. With the use of 4 different colors in the histogram, the indicator clearly shows the strength of the trend.

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FAQs

What is the difference between MACD 4 Color Indicator and the traditional MACD?

This indicator also shows the strength of the trend using four colors.

Which time frames is this indicator suitable for?

This indicator can be used in all time frames.

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