• Thu. Jun 10th, 2021

DadForex

All about Forex trading

Indicator MACD ColorHist Alert: One of the Best Oscillators

The indicator MACD ColorHist Alert is one of the best modifications of the standard MACD oscillator, which increases the efficiency of trading strategies.

MACD ColorHist Alert MT4 indicator

Forex indicator MACD ColorHist Alert is a modification of one of the most popular MACD oscillators.

In the MACD ColorHist Alert indicator, the histogram bars change their color depending on its direction:

  • bars in red – the histogram is decreasing;
  • blue bars – the histogram is growing.

Additionally, the MACD ColorHist Alert indicator implements a custom alert system that notifies the trader about:

  • changing the direction of the histogram;
  • crossing the zero line by the histogram;
  • crossing of the histogram by the signal line.

By replacing the classic indicator with its advanced version, you can increase the effectiveness of trading strategies based on the combination of “trend indicator + MACD”.

Features of MACD ColorHist Alert MT4 indicator

  • Platform: Metatrader 4
  • Ability to change settings: Yes
  • Timeframe: any from 1 Minute to Daily
  • Currency pairs: any

In MACD_ColorHist_Alert.zip file you will find:

  • MACD_ColorHist_Alert.ex4

Download MACD ColorHist Alert MT4 indicator for free: