Best MACD for 4 H Chart

Adding MetaTrader 4 MACD Indicator

Step 1: Open Navigator Window Panel on Bitcoin Crypto Trading Platform Software

Open the Navigator panel window as illustrated and shown below: Navigate to the 'View' menu (click it) and then choose 'Navigator' panel window (click), or From Standard ToolBar click 'Navigator' button or press key-board short-cut keys 'Ctrl+N'

On the Navigator window, select 'Indicators', (DoublePress)

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Adding MACD MT4 Chart Indicator

Expand the indicators window menu by pressing expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the MACD indicator from this list of technical indicators so that to add the MACD indicator on the bitcoin chart.

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How to Add Custom MACD Bitcoin Indicator on MT4

If the technical indicator you want to add is a custom MACD indicator - for examples if the MACD indicator you want to add is a MACD custom indicator you'll need to first add this custom MACD indicator on the MT4 software & then compile the custom bitcoin MACD technical indicator so that the new added MACD custom bitcoin indicator appears on the list of custom technical indicators on the MT4 platform.

To learn how to install MACD indicator on MT4, how to add MACD indicator window panel to MT4 and how to add bitcoin MACD custom indicator on MT4 - How to add a custom MACD bitcoin Indicator in MT4.

MACD Technical Indicator Described

MACD Bitcoin Analysis and MACD BTCUSD Signals

The MACD is one of simplest, reliable, & most commonly used cryptocurrency trading indicators.

MACD is a momentum oscillator & also a bitcoin trend following indicator.

Construction of MACD Indicator

The construction of this MACD technical indicator calculates the difference between 2 moving averages and then draws that as the 'Fast' line: the a second 'Signal' line is then calculated from the resulting 'Fast' line and then plotted on the same panel window as 'Fast' line.

'Fast' line - Blue Line
'Signal' line - Red Line

The 'standard' MACD indicator values for the 'Fast' line is a 12-period exponential moving average and a 26-period exponential moving average MA and a 9-period exponential moving applied to the fastline, this draws 'Signal' line.

MACD FastLine - difference between 12 & 26 exponential MAs moving averages
MACD Signal Line - moving average of this difference of 9-periods

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MACD BTCUSD Analysis and Generating Bitcoin MACD Signals

The MACD indicator is a commonly used as bitcoin trend following technical indicator & works most effectively when analyzing bitcoin trending bitcoin price movements. The three common strategies of using MACD indicator to generate bitcoin signals are:

Crossovers BTCUSD Signals:

MACD FastLine, MACD Signal Line Crossover:

A buy btcusd trading signal gets generated when MACD Fast line crosses above the MACD Signal line
A sell btcusd trading signal gets generated when MACD Fast line crosses below MACD Signal line.

However, in a strong bitcoin trending market this signal gives a lot of whipsaws, the best bitcoin MACD crossover to use would thus be the MACD Zero Line Crossover Signal that's less prone to bitcoin whipsaws.

MACD Zero Line Crossover Signals:

When the MACD FastLine crosses above the MACD zero center line a buy bitcoin signal is generated.
when the MACD FastLine crosses below MACD zero center-line a sell bitcoin trading signal is generated.

MACD Divergence Bitcoin Trading:

Looking for divergences between the MACD indicator and bitcoin price can prove to be very effective in identifying potential bitcoin trend reversal and/or bitcoin trend continuation points in bitcoin price movement. There two types of MACD divergences:

MACD Classic Divergence Bitcoin Signals
MACD Hidden Divergence Bitcoin Signals

MACD Overbought BTCUSD Levels and MACD Oversold Bitcoin Trading Levels:

MACD indicator is also used to identify potential overbought & oversold levels in bitcoin price action movements.

These overbought and over-sold levels are generated if the shorter MACD Lines separate dramatically from the median, this is a signal that bitcoin price action is over extending and it will soon return to more realistic areas.

MACD & MA Crossover BTCUSD System

MACD technical indicator can be combined with other indicators to form a system. A good MACD indicator combination is with the Moving Average cross over trading strategy. A signal is generated when both bitcoin technical indicators give a trading signal in same direction.

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