Editing the MACD
Pressing CTRL + I on the computer keyboard will open a window that lists all indicators on the active chart, as shown in Figure 12. To change the inputs for the MACD (or any other indicator), highlight MACD and click "Edit". This action will open the same window that was used to identify the original inputs, including the tabs for Parameters, Colors, Levels and Visualization. Make any desired changes and click "OK" to close the window. The new inputs will be reflected in the MACD.
Figure 12: Press CTRL + I on the computer keyboard to open the MACD window and make changes to the inputs.
Deleting the MACD
To delete the MACD from a price chart:
- Press CTRL + I on the computer keyboard, highlight MACD and click "Delete;" or
- Right-click the indicator within the price chart and select "Delete Indicator," as shown in Figure 13. The MACD will be removed without a prompt or any further action.
Figure 13: To delete the MACD, right-click on the indicator and select "Delete Indicator."
SEE: MACD and Stochastic: A Double-Cross Strategy
Applying The MACD Indicator With MetaTrader 4: Conclusion
TradingThe MACD is a popular moving average based indicator, and it is signaling the downtrend will continue in these stocks.
TradingThese four stocks recently created a bullish MACD crossover, signaling the potential end of the pullback and the start of the next up-trending wave.
TradingRead the case against this well-established indicator.
TradingCurrency traders can use this method to avoid stop-order triggers before the real reversal.
TradingThese stocks are trending higher but recently experienced a pullback. Watch for a bullish MACD crossover to indicate upward momentum is continuing.