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MACD 4C

The MACD 4C Indicator MT5 is a useful and popular free Forex indicator for the MetaTrader 5 platform. The indicator shows the Moving Average Convergence Divergence (MACD) in four different ways, allowing traders to easily identify buy and sell signals. The MACD 4C Indicator MT5 is a great tool for traders who want to easily identify buy and sell signals in the Forex market.

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Description

The MACD 4C Indicator is a sophisticated adaptation of the widely-used Moving Average Convergence Divergence (MACD) indicator, designed to provide traders with a comprehensive and intuitive view of market dynamics. This indicator is a valuable addition to the MetaTrader 5 (MT5) trading platform, offering traders a reliable tool to identify potential buy and sell signals.

Features of the MACD 4C Indicator

The Indicator is built upon the core principles of the classic MACD, analyzing the relationship between two moving averages to determine the market’s direction. However, the MACD 4C takes this analysis a step further, displaying the MACD as a multi-colored histogram.

This unique visual representation allows traders to quickly gauge the strength and direction of the current trend. The histogram is divided into four distinct colors – red, dark red, green, and dark green – providing a clear and easy-to-interpret signal of the market’s bullish or bearish sentiment.

How the MACD 4C Indicator Can Benefit You

By incorporating the MACD 4C Indicator into your trading strategy, you can gain a significant edge in the forex market. This powerful tool empowers you to identify emerging trends with greater accuracy, enabling you to make more informed trading decisions and potentially improve your overall profitability.

Whether you’re a seasoned trader or a newcomer to the forex market, the Indicator can be a valuable asset. Its user-friendly interface and intuitive visual cues make it accessible to traders of all skill levels, allowing you to easily adapt the tool to your unique trading style and goals.

Indicator Settings

InpFastEMA: This parameter sets the time period used to calculate the exponential moving average (EMA) for the “fast” component of the indicator.

InpSlowEMA: This parameter sets the time period used to calculate the exponential moving average (EMA) for the “slow” component of the indicator.

InpSignalEMA: This parameter sets the time period used to calculate the exponential moving average (EMA) of the signal line.

InpWidth: This parameter adjusts the visual width or thickness of the histogram bars.

Conclusion

The MACD 4C Indicator is a comprehensive and versatile tool that can help forex traders navigate the dynamic market with increased confidence and precision. By providing a clear and insightful representation of market trends, this indicator empowers you to make more informed trading decisions and potentially enhance your overall trading performance. Download the MACD 4C Indicator for MT5 today and unlock your full trading potential.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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