Applying The MACD Indicator With MetaTrader 4: Using The MACD

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Traders can apply the MACD indicator to any price chart in the MT4 platform. To add the MACD, choose one of the three methods available to add indicators:

  • Click on the Add Indicators icon in the top toolbar to view a list of available indicators. The indicators are categorized under the type, such as Trend, Oscillators and Volumes. Click "Oscillators" to reveal the sub-menu, and then select "MACD," as shown in Figure 4.

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Figure 4: One way to add the indicator is to click the Add Indicators icon in the top toolbar, select "Oscillators" and then MACD.



  • Click Insert on the top toolbar and select "Indicators." Next, select "Oscillators" and then "MACD," as shown in Figure 5.



In the Main Menu > Insert > Indicators > Oscillators > MACD.
Figure 5: In the Main Menu > Insert > Indicators > Oscillators > MACD.





  • In the Navigator window, click to open the Indicator list, and find MACD, as shown in Figure 6. Double-click MACD, right-click and select "Attach to a chart," or drag-and-drop to add the indicator to a price chart.



MT4\'s Navigator window lists all of the available technical indicators.
Figure 6: MT4\'s Navigator window lists all of the available technical indicators. To add an indicator, either double-click, right-click and select "Attach to a chart" (shown), or drag-and-drop to the active price chart.


SEE: Exploring Oscillators and Indicators: MACD

Next: Applying The MACD Indicator With MetaTrader 4: Customizing The MACD »


by

Jean Folger

Jean Folger
Jean Folger is a technical analyst and system researcher with PowerZone Trading, author of the award-winning book Make Money Trading: How to Build a Winning Trading Business, and a private trader specializing in the e-mini markets. Jean is an affiliate of the Market Technicians Association, a regular contributor to Futures magazine and was previously a real estate broker.

PowerZone Trading develops commercial technical trading indicators and trading systems for the TradeStation, NinjaTrader and MultiCharts trading platforms. The company is a TradeStation EasyLanguage Specialist and Add-on Developer and provides custom programming and consulting services for active traders.

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