Best MACD for 1 Hour Stock Indices Chart

Adding MetaTrader 4 MACD Indices Indicator

Step 1: Open the Navigator Window

Open the Navigator window as shown below; Go to "View" menu (click), then select the "Navigator" window (click), or From Standard Toolbar click the "Navigator" button or press short cut keyboard keys "Ctrl+N"

On the Navigator window, select "Indicators", (Double Click)

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Adding MACD MetaTrader 4 Indices Technical Chart Indicator

Expand the indices indicators menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the MACD indices indicator from this list of stock indices indicators so as to add the MACD indices indicator on the stock indices chart.

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How to Install MetaTrader 4 MACD Indices Indicator

If the indices indicator you want to add is a custom MACD indicator - for example if the MACD indices indicator you want to add is a MACD custom indicator you will need to first add this custom MACD indicator on the MetaTrader 4 platform and then compile the custom indices MACD indicator so that the newly added MACD custom indices indicator appears on the list of custom indices indicators on the MetaTrader 4 platform.

To learn how to install MACD indicator on MetaTrader 4, how to add MACD indices indicator window to MetaTrader 4 and how to add indices MACD custom indicator on MetaTrader 4 - How to add a custom MACD indices Indicator on MetaTrader 4.

About MACD Indices Indicator Tutorial

MACD Indices Technical Analysis and MACD Indices Signals

The MACD indicator is one of the simplest, reliable, and most commonly used stock indices indicators.

MACD is a momentum oscillator and also a indices trend following indicator.

Construction of MACD

The construction of this MACD indicator calculates the difference between two moving averages and then draws that as the "Fast" line; the a second "Signal" line is then calculated from the resulting "Fast" line and then plotted on the same panel window as the "Fast" line.

• "Fast" line - Blue Line
• "Signal" line - Red Line

The "standard" MACD indicator values for the "Fast" line is a 12-period exponential moving average and a 26-period exponential moving average and a 9-period exponential moving applied to the fast line, this draws the "Signal" line.

• MACD Fast line - difference between 12 and 26 exponential moving averages
• MACD Signal line - moving average of this difference of 9-periods

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MACD Indices Technical Analysis and Generating Indices MACD Trading Signals

The MACD indices indicator is a commonly used as indices trend following indicator and works most effectively when analyzing indices trending stock indices price movements. The three common strategies of using MACD indicator to generate indices signals are:

Crossovers Indices Signals:

MACD Fast line, MACD Signal line Crossover:

• A buy indices signal is generated when the MACD Fast line crosses above the MACD Signal line
• A sell indices signal is generated when the MACD Fast line crosses below the MACD Signal line.

However, in a strong indices trending market this trading signal gives a lot of whipsaws, the best indices MACD crossover to use would thus be the MACD Zero Line Crossover Signal that is less prone to indices whipsaws.

MACD Zero Line Crossover Signals:

• When the MACD Fast line crosses above MACD zero center line a buy indices signal is generated.
• when the MACD Fast line crosses below MACD zero center line a sell indices signal is generated.

MACD Divergence Indices Trading:

Looking for divergences between the MACD indicator and stock indices price can prove to be very effective in identifying potential indices trend reversal and/or indices trend continuation points in stock indices price movement. There two types of MACD divergences:

1. MACD Classic Divergence Indices Signals
2. MACD Hidden Divergence Indices Signals

MACD Overbought and MACD Oversold Conditions:

MACD indicator is also used to identify potential overbought and oversold levels in stock indices price action movements.

These overbought and oversold levels are generated if the shorter MACD Lines separate dramatically from the median, this is a signal that stock indices price action is over extending and it will soon return to more realistic levels.

MACD and Moving Average Crossover Indices Trading System

MACD indicator can be combined with other indices indicators to form a stock indices trading system. A good MACD indicator combination is with the Moving Average crossover stock indices trading system. A stock indices signal is generated when both indices indicators give a signal in the same direction.

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