MACD crossover with colors
The MACD indicator works just like the regular one.
The only difference is,that with this version of the MACD,you are able to change
the color of the histogram,based on bullish and bearish volume.
What is the MACD?
The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries. The crossover of the two lines give trading signals similar to a two moving average system.
How this indicator works
- MACD crossing above zero is considered bullish, while crossing below zero is bearish. Secondly, when MACD turns up from below zero it is considered bullish. When it turns down from above zero it is considered bearish.
- When the MACD line crosses from below to above the signal line, the indicator is considered bullish. The further below the zero line the stronger the signal.
- When the MACD line crosses from above to below the signal line, the indicator is considered bearish. The further above the zero line the stronger the signal.
How to install
How To Install the indicator:
- Make sure you have the cTrader trading platform
installed and then simply double-click on the file to install it.How to open:
- Left click on any chart to show the indicator menu.
- Go to the search bar and type in the name of the file.Instant chat support
Every product on the website comes with additional customer support,that covers setting up and using the indicator.