The MACD 4C Indicator is a popular and versatile forex trading tool that helps traders identify potential market trends and trade entries. This indicator combines the functionality of the Moving Average Convergence Divergence (MACD) and four colored exponential moving averages (EMA) lines, providing a clear and easy-to-use visual representation of price movements. Indicator works by comparing two different moving averages of the price, the MACD line and the Signal line. The MACD line is calculated by subtracting the 26-period EMA from the 12-period EMA, while the Signal line is a 9-period EMA of the MACD line. When the MACD line crosses above the Signal line, it generates a buy signal, and when the MACD line crosses below the Signal line, it generates a sell signal. Additionally, the four colored EMA lines provide visual cues to traders about the strength and direction of the trend. Overall, the MACD 4C Indicator is a powerful and popular forex trading tool that can help traders identify potential market trends and trade opportunities.
The MACD 4C Indicator is a new, popular, and free forex indicator for MT4 that uses Moving Average Convergence Divergence (MACD) to generate trading signals. The indicator detects the trend and momentum of a currency pair and displays it on the chart using four different colors.
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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:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
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.