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

The MACD 4 Color Indicator (MACD 4C) is an advanced tool designed for the MetaTrader 5 platform, enhancing the traditional MACD by incorporating four distinct colors to represent both trend direction and strength.
This feature allows traders to make more informed decisions regarding entry and exit points.

💎source :
https://tradingfinder.com/products/indicators/mt5/macd-4-color-free-download/

💎free indicator download:
https://cdn.tradingfinder.com/file/247914/macd-4-color-mt5-by-tflab-v1-2.zip

Indicator Overview

Functionality in Different Market Trends

Uptrend Analysis

In a 4-hour chart of the GBP/USD currency pair, the MACD 4C Indicator demonstrates its effectiveness during an uptrend. The histogram displays light red to indicate weakening downtrends, transitioning to light green as the uptrend commences. Dark green signifies the diminishing strength of the uptrend.

Downtrend Analysis

Similarly, in a 1-hour chart of the USD/CAD currency pair, the indicator showcases its utility during downtrends. Dark green in the histogram reflects a weakening uptrend, followed by dark red to denote the onset of a downtrend.

Indicator Settings

The default parameters for the MACD 4 Color Indicator are as follows:

• MACD Fast Period: 12 (Exponential Moving Average)
• MACD Slow Period: 26 (Exponential Moving Average)
• Signal Period: 9 (Simple Moving Average)

Summary

The MACD 4 Color Indicator offers a sophisticated approach to assessing trend direction and strength within the MetaTrader 5 platform. Its four-color histogram provides a clear visual representation, making it particularly beneficial for traders employing convergence and divergence strategies.

FAQs

❓What distinguishes the MACD 4 Color Indicator from the traditional MACD?

This indicator enhances the traditional MACD by utilizing four colors to represent both trend direction and strength, offering a more nuanced view of market conditions.

❓Which time frames are compatible with this indicator?

The MACD 4 Color Indicator is versatile and can be applied across all time frames.

For a limited time, the MACD 4 Color Indicator is available for free download.