The MACD on Chart Indicator MT4 is a trend indicator for MetaTrader 4 and is designed to indicate trends and momentum shifts in the market. The indicator displays individual fast and slow exponential moving averages (EMAs) directly on the main chart, unlike the traditional MACD indicator on an additional chart. Additionally, it incorporates a 200-period MACD line to identify market momentum trends generating clear crossover signals indicating a shift in a trend.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for identification of trend and momentum.
Indicator Settings
How to Install MACD on Chart Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
