The 3-line MACD indicator adds a smoothing curve to the standard MACD indicator.
You should notice that the crossovers of the grey and red lines even during the sideways market will be quite effective. It also predict a long bearish candle on the right.
How to install this indicator on your Metatrader trading plaftform?
- Download the indicator by clicking “LINK” button at the bottom of this post.
- Copy and paste the 3-line MACD indicator files into following folder of your Metatrader 4 platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to test the indicator
- Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
- Right click on MACD3OsMA.mq4 and than click “Attach to the chart”.
- You can modify settings if you need and than click ok.
- The indicator is ready and running on the chart.
3-line MACD Indicator free download:
To download this indicator or trading system just click the button below: