MACD Crosses Zero Level (Colored Candles) - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The "MACD Crosses Zero Level" indicator uses the DRAW_COLOR_CANDLES style to draw areas where the MACD is above or below the zero line.
In the indicator settings you can select the MACD line to display the area, either the main line or the signal line:
Figure 1. Display area of MACD signal line
Figure 2. Display area of MACD main line
Attachment download
📎 macd_crossing_the_zero_level_scolor_candles4.mq5 (14.85 KB)
Source: MQL5 #19302
MACD Crosses Zero Level (Colored Candles) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Recommendations
MACD Crosses Zero Level (Colored Candles) - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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