MACD coloured histogram - indicator for MetaTrader 5

Key Features

1. ---

   Dynamic and Coloured Histogram:
   The histogram changes colour automatically based on market conditions, allowing you to view it at a glance:

   • When the MACD crosses above or below the signal line.
   • When the MACD crosses above or below the zero line.
   • The strength and direction of the trend.

2. ---

   Customisable Sound Alerts:
   Receive real-time notifications whenever important crossings occur between the MACD and the signal line or when the MACD crosses the zero region. You can configure

   • The sound of the alert.
   • The maximum number of repetitions.
   • The minimum pause between alerts.

3. ---

   Configurable colours:
   The indicator uses a rich and intuitive colour palette to highlight different states of the MACD, signal line and histogram. The colours are easy to interpret and help in making quick decisions.

4. ---

   Customisable parameters :

   • Periods of the fast and slow moving averages.
   • Period of the signal moving average.
   • Price applied to the calculation (close, open, maximum, minimum, etc.).

5. ---

   User-friendly interface:
   The indicator is easy to set up and use, even for beginner traders. All parameters can be adjusted directly in the properties window.

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How it works :

• The indicator calculates the difference between the MACD and its signal line, displaying the result as a coloured histogram.
• Different colours are used to represent crossovers, positive/negative trends and changes in momentum.
• Audible alerts are triggered when important events occur, such as line crossings or transitions between positive and negative regions.

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Benefits :

• Quick Decision Making: With dynamic colours and sound alerts, you can react quickly to changes in the market.
• Full customisation: Adjust the parameters to suit your trading strategy.
• Clear Visualisation: The clean and intuitive design makes it easy to interpret the data, even on busy charts.
• Compatibility: Works perfectly on any asset and timeframe supported by MetaTrader 5.

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Examples of use :

• Use the indicator to identify entry and exit points in trend strategies.
• Combine the MACD Colour Histogram with other indicators to confirm buy/sell signals.
• Monitor the histogram to detect divergences between price and momentum.