Best MACD for 1 Hour Stock Chart
Adding MetaTrader 4 MACD Indicator
Step 1: Open Navigator Window Panel on Software
Open Navigator panel as illustrated and shown below: Navigate to "View" menu (click it) and then choose "Navigator" window panel (click), or From Standard Toolbar click on the "Navigator" button or press short-cut keyboard keys "Ctrl+N"
On Navigator window, choose 'Technical Indicators', (Double-Click)
Best MACD for 1H Chart - Best MACD for 4 Hour Stock Chart - Best MACD for Daily Chart Indices
Adding MACD MetaTrader 4 Technical Chart Indicator
Expand the trade indicators pop up 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 indicator from this list of indicators so as to add the MACD indicator on the trading chart.
Best MACD for 1H Chart - Best MACD for 4 Hour Stock Chart - Best MACD for Daily Chart Indices
How to Install Meta Trader 4 MACD Indicator
If the technical indicator you want to add is a custom MACD indicator - for examples if the MACD indicator you want to add is a MACD custom indicator you will need to first add this custom MACD indicator on the MetaTrader 4 software & then compile the custom MACD technical indicator so that the new added MACD custom indicator pops up on the list of custom indicators on the MetaTrader 4 platform.
To learn how to install MACD indicator on MetaTrader 4, how to add MACD indicator panel to MT4 & how to add MACD custom indicator in MT4 - How to add a custom MACD indicator in MetaTrader 4.
About MACD Indicator Tutorial
MACD Technical Analysis & MACD Signals
The MACD indicator is one of the simplest, reliable, & most commonly used technical indicators.
MACD is a momentum oscillator and also a trend following indicator.
Construction of MACD Technical Indicator
Construction of this MACD technical indicator calculates the difference between 2 moving averages and then draws that as "Fast" line: the a second "Signal" line is then calculated from the resulting "Fast" line and then plotted on same panel window as "Fast" line.
- "Fast" line - Blue Line
- "Signal" line - Red Line
The "standard" MACD indicator values for "Fast" line is a 12-period exponential moving average & a 26-period exponential moving average and a 9-period exponential moving applied to the fast line, this draws "Signal" line.
- MACD Fast-line - difference between 12 & 26 exponential moving averages
- MACD Signal-line - moving average of this difference of 9-periods
Best MACD for 15 Min Chart - Best MACD for 5 Minutes Stock Chart - Best MACD for 1 Minute Chart Indices
MACD Technical Analysis & How to Generate Stock MACD Signals
The MACD indicator is a commonly used as trend following indicator & works most effectively when analyzing trending price movements. The three common strategies of using MACD indicator to generate signals are:
Crossovers Signals:
MACD Fast-line, MACD Signal Line Crossover:
- A buy index signal is generated when the MACD Fast line crosses above the MACD Signal line
- A sell signal is generated when the MACD Fast line crosses below the MACD Signal line.
However, in a strong trending market this signal gives a lot of whipsaws, best MACD crossover to use would thus be the MACD Zero Line Crossover Signal that's less prone to whipsaws.
MACD Zero Line Crossover Signals:
- When the MACD FastLine crosses above MACD zero center line a buy trade signal is generated.
- when the MACD FastLine crosses below the MACD zero center line a sell trade signal is generated.
MACD Divergence Trading:
Looking for divergences between the MACD indicator and price can prove to be very effective in spotting potential trend reversal and/or trend continuation points in price movement. There two types of MACD divergences:
- MACD Classic Divergence Signals
- MACD Hidden Divergence Signals
MACD Overbought Levels & MACD Oversold Levels:
MACD indicator is also used to identify potential overbought & oversold levels in 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 price action is over extending and the trading it will soon return to more realistic levels.
MACD & MA Crossover System
MACD technical indicator can be combined with other indicators to form a stock system. A good MACD indicator combination is with the Moving Average cross-over trading system. A signal is generated when both technical indicators give a signal in same direction.
Best MACD for 15 Min Chart - Best MACD for 5 Minutes Stock Chart - Best MACD for 1 Minute Chart Indices
What's a Trade Plan? - Written Plan Example Template
Alternatives: Automated EA Trading or Copy and Paste Signals
