Summary of MACD 3 Color Indicator MT5/4 Download - Free - [TFlab]

The video provides a tutorial on the Three-Color MACD Indicator, which is available for download for MetaTrader 4 and MetaTrader 5 platforms from the trading Finder website. Key features and functionalities of the indicator include:

• Installation: Traders can download the indicator file and apply it to their charts by selecting it from the Navigator section. It's important to enable the "allow DLL imports" option before confirming the installation.
• Indicator Functionality: Once installed, the indicator opens an oscillator window at the bottom of the chart. The MACD is displayed in three colors:
  • Purple bars indicate an upward trend.
  • Red bars signify a downward trend.
  • A green signal line is also displayed for analysis.
• Customization Options:
  • The indicator features a dedicated theme or template with three options: light, dark, and custom mode.
  • Users can adjust settings for the fast and slow moving averages, as well as the signal line.
  • The size of the histogram bars can be modified, ranging from one to five.
• User Interface: The presenter demonstrates changing the template to dark mode and adjusting the histogram size to one.

The video concludes by inviting viewers to share comments and suggestions regarding the tutorial.

Main Speakers/Sources

• The video is presented by TFlab.

Notable Quotes

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Category

Technology

Video