1. Open MT4, and use the shortcut key Ctrl+N to call up "Navigation". You can also find navigation in the menu bar.

Find the MACD indicator, hold down the mouse and drag it to the chart interface.

2. The MACD SMA (Trend Indicator) parameter of the system is 9, and we can change it to 1. Add a horizontal line with a value of "0" in the horizontal bar and confirm.

3. Navigate-Technical Indicators-Trend Indicators-Moving Average, and drag it to the MACD indicator window.

As mentioned in the frequently asked questions of foreign exchange agents, the parameter setting interface will pop up. Fill in 9 by time period and 0 by translation. The moving average selection is simple, and it can be applied to the selection: for the data of the first indicator, just select your favorite color and confirm.

4. Set the double-line MACD, as shown below:

Construction principle of extended data MACD

MACD indicator is a trend indicator based on the construction principle of moving average, which smoothes the closing price (calculates the weighted average). It mainly consists of positive and negative difference (DIF) and difference average (DEA), in which positive and negative difference is the core and DEA is the auxiliary. DIF is the difference between fast smma (EMA 1) and slow smma (EMA2).

In the existing technical analysis software, the commonly used parameters of MACD are fast smma 12 and slow smma 26. In addition, MACD has an auxiliary indicator bar. In most technical analysis softwares, columnar lines are colored, green below axis 0 and red above axis 0. The former indicates a downward trend, while the latter indicates an upward trend. The longer the column line, the stronger the trend.

Refer to Baidu Encyclopedia -MACD indicator

Baidu Encyclopedia -MT4