Le MACD a été développé dans les années 70 par Gerald Appel comme un oscillateur qui montre sur un graphique les moyennes mobiles en relation avec le prix.
You will need it, if you are a programmer and want to use MACD in designing and developing an EA expert advisor or robot, or your custom indicator. However, the formula helps you understand the indicator better. Main Line — Signal Line. If you like to have the same colored MACD we have on our charts below screenshots , please download and install it to your platform before we start explaining about MACD and the way we use it in technical analysis and forex trading.
This indicator works on MetaTrader 4 or MT4. The below chart shows how colored MACD looks like. In the indicator you downloaded above, it is set to zero by default, but you can change it back to 9 if you like.
The MACD bars histogram you see on the below chart, reflect the difference of the main and signal lines. On the price chart, you see the main and signal lines. The red one is the main line and the green line is the signal line. As you see, wherever the distance of these two moving lines is bigger, the MACD bars will become longer too, and wherever these two lines cross, the length of the related MACD bar is zero follow the black arrows.
As you see, when there is an upward movement and pressure the market is bullish , MACD histograms go up and change to blue and when there is a downward pressure and movement the market is bearish , they go down and change the color to red. MACD bars form highs and lows. When we have an uptrend, they form higher lows and when we have a downtrend, they form lower highs and when the bars go under the zero level, they form lower lows:.
Of course, if you know about the Elliott Waves and also the cycles, you will not take any positions against the trend, even if MACD is not on the chart, but as knowing the cycles and Elliott Waves is very difficult, you can use MACD to stay away from going against the trend.
Please look at the below reversal signal. A candlestick is formed completely out of the Bollinger Bands and then three Bearish candlesticks form that are all reversal signals.
But, the second sell signal the yellow zone , looks like a good short trade setup. So going against MACD is risky. Of course, the above signal formed by the candlesticks are not strong enough. That is why the price did not reverse and kept on going up. As novice traders are unable to distinguish the strong candlestick trade setups, having MACD can be a big help not to go against the trend based on the weak trade setups.
MACD also indicates whether the market is overbought or oversold. When it is overbought, it is riskier to go long and when it is oversold, it is riskier to go short. When the market is overbought, Bulls buyers can start collecting their profit they sell at any time, and so the price may go down, and when the market is oversold, Bears can start buying at any time, and so the price may go up. Of course, the candlesticks also tell you if the market is overbought or oversold, but MACD is also a big help.
You are a trend trader. You have an uptrend here below. You see some reversal signals, but you wait for a continuation signal to go long. A strong Bullish candlestick forms the last one on the below chart and at the same time the last MACD bar changes its color and shows an upward pressure. Of course it can go much higher, but we never know:. This position goes up only for one more candlestick and then goes down and triggers your stop loss:. MACD trading is so common among the Forex traders.
They just wait for a fresh MACD movement for a few bars and then they enter. MACD is really good for trend trading.
MACD has to be used as a confirmation only. The main indicator is the price. If you use MACD as a confirmation for support and resistance breakout, it will be a big help. Look at the below image. There is a trend line with valid and visible support line.
You are waiting for the support breakout to go short. It is above the zero level too. So you go short at the open of the next candlestick, set your stop loss above the high price of the last candlestick and your target will be the next support level. It goes down and hits the target very easily.
Obviously, it is a new chance to take another short position, but look at the MACD and its difference with the previous position. With the previous position, MACD started going down while it was way above the zero level.
It means, you would go short while market has been overbought which is a good decision. In this position below , not only MACD is not above the zero level, but it has already started going up and making higher lows.
So the market is oversold and your sell signal is not fresh. If you use the traditional MACD, then the same divergence can form with the main and signal line. The rule says, the price will finally follow the MACD direction and will go down. However, the problem is you never know when the price will start following the MACD direction. So, if you rush and take a short position right when you see the MACD Divergence, it may keep on going up for several more candlesticks.
MACD Divergence can be seen at the end of uptrends. What does it mean? The market can collapse at any time. Fear is stronger than greed and when markets go down, fear is the dominant emotion.
MACD Convergence forms when price goes down and forms lower highs or lower lows, but at the same time MACD bars go up and form higher highs or higher lows. The rule says, the price will finally change the direction and will follow MACD. MACD Convergence can be seen at the end of downtrends.
Even the pros lose trades often. The goal is to either have more winning trades or to make more on your winning trades than you lose on your losing trades or a combination of the two.
The MACD indicator, at least as far a divergence is concerned, works better when the market is trending. Hope that helps you. MT4 designers should be shot for this.
Thanks for providing the correct one. If you have and your MACD line is not showing up, you may need to change the color of it in the properties of the indicator. Is it difficult to program the actual divergence lines in this indicator to show up in the charts?
I have no idea, Andrew. There are some indicators out there that already do it, though. The charts just get cluttered. Hi Chris, don t know how to thank you enough,imagine using a fake MACD for over 5 years,your article is simply superb,keep it up man.
I knew this would be useful to some of you as well. Hi Chris Thank you for the great information that you provided. As the title to this blog post states, this indicator is made for MT4. I just downloaded and installed this on the latest build of MT4. Keep in mind that this indicator is for the regular MT4 installation. You cannot use custom indicators with the mobile MT4 app. This will also not work on MT5.
I trade mobile rather than on PC. You can get really cheap used and refurbished laptops on eBay if you need one. However, your trading decisions should be made using the best tools available to you. Do you have the line drawing tool you used in your illustration?
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Aujourd'hui nous allons observer les tendances de trading avec MACD. Le MACD a été développé dans les années 70 par Gerald Appel comme un oscillateur qui montre sur un graphique les moyennes mobiles en relation avec le prix. Le MACD appartient à la même famille que le RSI , le CCI et le Stochastique, mais cet indicateur peut être utilisé pour aider les traders à trouver un momentum de marché, une direction et des entrées en comprenant la ligne MACD, la ligne de signal, la ligne zéro et l'histogramme.
Avant que le MACD puisse nous être utile en tant que trader, nous devons d'abord comprendre ses composantes. En comparant les moyennes mobiles de différentes situations, nous pouvons changer les mouvements de tendance alors qu'elles baissent et augmentent.
Comme le nom de l'indicateur l'indique, nous cherchons une divergence de ces moyennes un écart ou une convergence un rapprochement. Normalement les traders MACD cherchent un passage de l a ligne MACD au-dessus de la l igne de signal pour acheter sur une tendance haussière ou en dessous de la ligne de signal pour vendre dans une tendance baissière.
Créé en utilisant les graphiques de Marketscope 2. Le second élément de l'indicat eur est l'histogramme MACD. Cet élément est spécifiquement fait pour nous aider à voir si la ligne MACD s'éloigne ou se rapproche de notre ligne de signal. Si l'histogramme est au-dessus de la ligne zéro, cela veut dire que la ligne MACD se trouve au-dessus de la ligne de signal.