MACD alert is a revised version of the popular MACD indicator for the metaTrader 4 trading platform. Unlike the basic indicator, this one has a colored edge of bars in accordance with the trend and two additional parameters:

1. Color Bars Trend Moving Average – change the color of the indicator bars when changing Fast and (or) Slow Moving Average slope angles.
2. Color Bars Histogram (Convergence-Divergence) – change the color of the indicator bars during Fast and Slow Moving Averages convergence/divergence to indicate increasing/decreasing MACD bars.

Both parameters can be used either separately or together. You can also disable them.

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