MACD_Colored Indicator for 4 Hour Strategy (300+ Pips per Month)

Quoting irusoh

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I have created a new version of MACD for 4 Hour Strategy
I put it here in separate thread, so maybe it wil be easier to find.

1. I added new parameter MinDiff which if set greater than zero will color yellow those lines which differ from a prior bar by less than a set amount.

2. I added a number that will show at 1st bar. This number tells how many pips up or down price has to go for a bar to change color

Here it is.

Let me know if you have any problems.

This a link to 4 Hour Strategy (300+ Pips per Month)

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Quoting irusoh

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I have created a new version of MACD for 4 Hour Strategy
I put it here in separate thread, so maybe it wil be easier to find.

1. I added new parameter MinDiff which if set greater than zero will color yellow those lines which differ from a prior bar by less than a set amount.

2. I added a number that will show at 1st bar. This number tells how many pips up or down price has to go for a bar to change color

Here it is.

Let me know if you have any problems.

This a link to 4 Hour Strategy (300+ Pips per Month)

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Quoting jarroo

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I don't see the yellow lines.

Jim

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Quoting irusoh

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you can set MinDiff=0.5 if you consider that too small a difference between 2 bars for exmaple.

if bar1 is 10.6 and bar2 is 10.8 then bar2 will be colored yellow since difference less than MinDiff parm.
MACD is difference between 2 MAs in pips. So it could be 1 pip. That's might even hard to see on some charts. So you can conisder it negligeable.
On the other hand some people want to see all changes, then leave MinDiff at zero, it will display as an old inidcator.
By the way the old ind MACD_H4_300 is also my creation (to avoid confusion).

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Quoting irusoh

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you can set MinDiff=0.5 if you consider that too small a difference between 2 bars for exmaple.

if bar1 is 10.6 and bar2 is 10.8 then bar2 will be colored yellow since difference less than MinDiff parm.
MACD is difference between 2 MAs in pips. So it could be 1 pip. That's might even hard to see on some charts. So you can conisder it negligeable.
On the other hand some people want to see all changes, then leave MinDiff at zero, it will display as an old inidcator.
By the way the old ind MACD_H4_300 is also my creation (to avoid confusion).

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Quoting irusoh

Disliked

you can set MinDiff=0.5 if you consider that too small a difference between 2 bars for exmaple.

if bar1 is 10.6 and bar2 is 10.8 then bar2 will be colored yellow since difference less than MinDiff parm.
MACD is difference between 2 MAs in pips. So it could be 1 pip. That's might even hard to see on some charts. So you can conisder it negligeable.
On the other hand some people want to see all changes, then leave MinDiff at zero, it will display as an old inidcator.
By the way the old ind MACD_H4_300 is also my creation (to avoid confusion).

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Quoting Golfer

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Irusoh

Tx, that makes sense. Great work with the indicator - very easy to read. How do you set the MinDiff (sory but I am not very computer/MT4 literate)?

Willem

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Quoting jarroo

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Have you see this post(#1828) from Phillip Nel :

"Can someone write us an alert that when the MACD makes a direction change at the close of a MACD bar than the previous 2 MACD bars. This will help during sleeping time to catch the actual one and not have to get up every 4 hours during the night. Maybe someone has a better idea.
Thanks"

Your help in this matter would be appreciated.

Thanks again,

Jim

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Quoting irusoh

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I will look into it.

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Quoting irusoh

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This is an new version of MACD colored indicator.
It includes signals and alerts.

All explanations are in macd_colored.doc attached.

Please download and test. Post me here with any questions.

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Quoting irusoh

Disliked

I have created a new version of MACD for 4 Hour Strategy
I put it here in separate thread, so maybe it wil be easier to find.

1. I added new parameter MinDiff which if set greater than zero will color yellow those lines which differ from a prior bar by less than a set amount.

2. I added a number that will show at 1st bar. This number tells how many pips up or down price has to go for a bar to change color

Here it is.

Let me know if you have any problems.

This a link to 4 Hour Strategy (300+ Pips per Month)

Ignored

Quoting irusoh

Disliked

This is an new version of MACD colored indicator.
It includes signals and alerts.

All explanations are in macd_colored.doc attached.

Please download and test. Post me here with any questions.

Ignored

Quoting Golfer

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Hi Irusoh

I did download the indicator to my InterbankFX mt4 platform ("Program files, InterbankFX, expert, indicator folder). I did restart the mt4 platform and I did find the new indicator in the navigator. When I've tried to attached the indicator the chart, nothing happened. No new indicator window or indicator. I did close the other/old MACD indicator.

Any advice?

Tx

Willem

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Quoting irusoh

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Golfer, did you get any messages in expert or journal folder?

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