Looking for this indicator

I'm looking for a MACD histogram indicator, I've seen it on tradestation and I'm not sure if it is available on MT4.

The histogram is red when it's in the negative and green when it's in the positive. When the histogram is in the positive but starts to slope to the negative the green bars get dimmer. When it is in the negative and starts to slope toward the positive the bars get dimmer as well.

Does anyone have this indicator?



Thanks in advance.

At one point I was trying to get an indicator to change colour under certain circumstances in MT4.

I gave up, as all that kept happening was the indicator line on the whole chart changed colour. i.e. The colour didn't vary every bar. If I programmatically changed the colour of the indicator line at the last bar it effected the whole line.

I'd be very happy if anyone out there has had more success.

Or is it not possible to have this effect in the current version?

Without knowing what the tradestation version does, I have just whipped up a version for you that I think does what you want. Sorry I have limited time this morning so it was a rushed job but I hope it is something like what you were after.

http://img150.imageshack.us/img150/1170/chart73ja.gif

This is exactly what I was looking for! Thank you!

Ah righteo. I've been getting around the problem the same way, but it would be good though if you could just change the colour instead of eating up another channel.

I've got an indicator that shows the difference between my two main MAs,but changes colour if stochastic(or MACD) is in buy or sell. At the moment it also creates snowy tops (or bottoms) if RSI is also in favour.
I would have loved to have just brightened the green or red histograms instead. Though it very visual at the moment and acts as a great permission to buy/sell indicator.