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  1. #1
    Senior Member Mike M's Avatar

    mt4 MACD Question !!!

    Greetings everyone,
    I've downloaded the mt4 platform from Alpari. Since I started on this journey I had been using TradingViews charts but most
    recommendations for charting platforms within the community suggest mt4.

    I have also been studying Mr Michael Hodges " Best MACD Entries strategy ". I noticed that in the chart illustration provided there
    were two different types of MACD, both histogram and oscillator style. The histogram bars were red when they fell below the zero line,
    and green when they rose above. There were also two lines for the oscillator style. I'm trying to set up my chart to look exactly how it
    does in the example provided however I'm a bit lost at the moment.

    I have two questions

    1) Is it important for me to set up both MACD's on my chart exactly as its shown ?

    2) If so, can anyone help me overlay the 2 MACD types to appear as shown ?

    I hope I've worded this question clearly folks. In a nutshell, I'm trying to make my chart look the same
    as it does in the example.

    Thank you all very much.

  2. #2
    Legendry Member Michael Hodges's Avatar
    OK, good question. This may be your best place to find an answer... MT4 Q&A in the forum

    this may also hold answers you seek,

    No, you don't have to use both the histogram AND the oscillator, most people use just the histogram and then use a different type of oscillator such as stochastic, RSI or other. . . and that is what I suggest.

    here is another strategy you should probably try out, with MACD, to help round out your understanding of the tool ....

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