The Tipu MACD Indicator For MT4



Table Of Contents:

  1. The Tipu MACD Indicator For MT4
  2. Tipu MACD Indicator For MT4 Explained
  3. Tipu MACD Indicator For MT4 Configuration

The Tipu MACD Indicator For MT4 is the best MACD indicator that I have seen so far. It display all necessary information for a trader who trades based on the MACD indicator.

FREE Tipu MACD Indicator

Download the FREE Tipu MACD Indicator for MT4.

To receive my email 100% sure: 
Put my email on your whitelist!

 

Partially Automated Trading Besides Your Day Job

Alerts In Real-Time When Divergences Occur

 

The different colors make it easy to immediately interpret the information that you get from the Tipu MACD Indicator For MT4.

You can even receive signals from the Tipu MACD Indicator For MT4 via email, push and popups. 

Tipu MACD Indicator For MT4 Explained

As with every MACD indicator the calculation is based on a main and a signal line. The blue line in the indicator window is the main line. The signal line has red color as you can see in the following screenshot:

In the settings of the Tipu MACD Indicator For MT4 you have direct influence on the values of the MACD calculation and how it is drawn.

You can configure the Fast EMA Period, the Slow EMA Period, Signal SMA Period and the Applied Price in the same way as the standard MACD of the MT4 platform.

The main and signal line will be calculated according to your settings.

As you probably know the histogram of the MACD is a byproduct of the main and signal line. The histogram simply shows the distance between the main and signal line.

If the distance between the two lines is big, then the histogram will show bigger values.

The color of the histogram (green or red) of the Tipu MACD Indicator For MT4 is defined by the position of the blue main line in relation to the red signal line. If the blue line is above the red line then you will see green histogram values. If the blue line is below the red line the histogram will plot red values.

A special feature of the Tipu MACD Indicator For MT4 is that the histogram shows you with two different green colors if the momentum of the price move is rising or falling.

A dark green drawing of the histogram tells you that the momentum is rising (the main line gets further away from the signal line). A light green drawing tells you that the gap between the main and signal is closing, as you can see in the following screenshot:

As I already mentioned above, if the blue main line of the indicator is below of the red signal line then the Tipu MACD Indicator For MT4 draws a red histogram.

And also the red part of the histogram uses two different colors to show you the momentum of the move.

A dark red color shows increasing momentum (growing distance between the main and the signal line). A lighter red color shows you that the two line are moving towards each other: 

 

As with every MACD indicator (or any other oscillator) you can spot divergences between the MACD values and the price.

These divergences are indication that the price move is slowing down and that a reversal is very probable.

In the following screenshot I have spotted and labeled a regular bearish divergence for you with the help of the Tipu MACD Indicator For MT4.

The histogram makes lower highs while at the same time the price makes higher highs. This is a very early indication that the upward trend probably stops and a new downward trend can develop. And if you look at the subsequent price action you can see that the downward trend developed as indicate by the bearish divergence (Btw: Do you want real-time signals of divergences? Click HERE)

Now we examine some special features of the Tipu MACD Indicator For MT4.

As I said in the introduction, the Tipu MACD Indicator For MT4 also draws signal arrows onto the price chart AND you can get real-time alerts via email, push and popup if such an arrow gets drawn.

There are 4 different types of signals that get drawn with arrows.

As you can see in the following screenshot a blue upward arrow is drawn if the blue main line moves above the red signal line (histogram starts plotting green values): 

Another form of blue upward arrows is drawn, if the blue main line moves above zero as highlighted in the following screenshot:

A red arrow is drawn if the blue main line drops below the red signal line (red histogram values are also plotted when this happens):

And the fourth type of arrows is drawn when the blue main line moves below zero:

This was an thoroughly analyze of the features of the Tipu MACD Indicator For MT4. Basically it's a MACD with very useful extra features.

 

Tipu MACD Indicator For MT4 Configuration

The Tipu MACD Indicator For MT4. Basically it's a MACD gives you the possibility to configure nearly every feature that I explained in this article.

You can define the colors of the arrows. You can define which arrows should be drawn on the price chart. You can also enable and disable the alerts.

Have fun with this great MACD indicator! :)

 

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

The following performance was achieved by me while trading live in front of hundreds of my clients:

Connect With Me:  

Results From 5 Months!
This service starts soon! Be the first who get's notified when it begins!

This FREE Indicator Can Transform
Your Trading!

FREE Indicator + Telegram Group


Request the Ultimate Double Top/Bottom Indicator which is used by 10,000+ traders.