Best MACD for 1 Hour Stock Indices Chart
Adding MetaTrader 4 MACD Indicator
Step 1: Open Navigator Window Panel on Stock Indices Trading 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)
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Adding MACD MetaTrader 4 Indices Technical Chart Indicator
Expand the indices trading technical 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 stock indices indicators so as to add the MACD indicator on the stock indices trading chart.
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How to Install MT4 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 indices MACD technical indicator so that the new added MACD custom indices indicator pops up on the list of custom indicators on the MetaTrader 4 software.
To learn how to install MACD indicator on MetaTrader 4, how to add MACD indicator panel to MT4 & how to add indices MACD custom indicator in MT4 - How to add a custom MACD indicator in MetaTrader 4.
About MACD Indices Trading Indicator Tutorial
MACD Stock Indices Technical Analysis & MACD Indices Signals
The MACD indicator is one of the simplest, reliable, and most commonly used technical indicators.
MACD is a momentum oscillator and also a indices 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
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MACD Indices Technical Analysis and How to Generate Stock Indices MACD Trading Signals
The MACD indicator is a commonly used as indices trend following indicator & 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 index signal is generated when the MACD Fast line crosses above the MACD Signal line
- A sell index signal is generated when the MACD Fast line crosses below the MACD Signal line.
However, in a strong indices trending market this signal gives a lot of whipsaws, best indices MACD crossover to use would thus be the MACD Zero Line Crossover Signal that's less prone to indices whipsaws.
MACD Zero Line Crossover Signals:
- When the MACD FastLine crosses above MACD zero center line a buy indices trade signal is generated.
- when the MACD FastLine crosses below the MACD zero center line a sell indices trade signal is generated.
MACD Divergence Stock Indices Trading:
Looking for divergences between the MACD indicator & stock indices price can prove to be very effective in spotting potential indices trend reversal and/or trend continuation points in stock indices price movement. There 2 types of MACD divergences:
- MACD Classic Divergence Indices Signals
- MACD Hidden Divergence Indices Signals
MACD Overbought Indices Trading Levels & MACD Oversold Stock Indices Trading Levels:
MACD indicator is also used to identify potential overbought & 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 the trading it will soon return to more realistic levels.
MACD & Moving Average Crossover Indices Trading System
MACD technical indicator can be combined with other indicators to form a stock indices system. A good MACD indicator combination is with the Moving Average cross over stock indices trading system. A stock indices signal is generated when both indices technical indicators give a trading signal in same direction.
Best MACD for 15 Min Stock Indices Chart - Best MACD for 5 Minute Stock Indices Chart - Best MACD for 1 Minute Chart Indices
