Right click on MACD_OsMA_4ColorH_2LVarmtf.mq4 and than click “Attach to the chart”.Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.Select Chart and Timeframe where you want to test the indicator.You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).Copy and paste the MACD OsMA MTF Indicator into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.Download the indicator by clicking “LINK” button at the bottom of this post.TimeFrame: force timeframe for MACD OsMA Indicator How to install the MACD OsMA MTF Indicator on your Metatrader 4 trading platform?.ShowMACD_Histo: Show or hide MACD Histogram.ShowOsMA_Histo: Show or hide OsMA Histogram.OsmaMultiplier: Multiplier for OSMA with corolation to MACD (visual only).6: WEIGHTED (Weighted close price, (high+low+close+close)/4).5: TYPICAL (Typical price, (high+low+close)/3).SlowMA_Price: Applied price to Fast Moving Average.FastMA_Price: Applied price to Fast Moving Average.3: LWMA (Linear weighted moving average).SignalMA_Mode: Select mode for Signal Moving Average.SlowMA_Mode: Select mode for Slow Moving Average.FastMA_Mode: Select mode for Fast Moving Average.SignalMA_Period: How many periods are used for Signal Moving Average calculation in MACD.SlowMA_Period: How many periods are used for Slow Moving Average calculation in MACD.FastMA_Period: How many periods are used for Fast Moving Average calculation in MACD.You can find the settings of the MACD OsMA MTF Indicator explained below. Overview of the MACD OsMA MTF Indicator settings: This indicator allows you to select MTF (Multi time frame) and show it on your current timeframe. It’s a good signal for oversold and overbought market situations.
When a trend accelerates and becomes strong, more traders will follow that direction, simultaneously momentum increases and in the result, price moves away from the moving average. This overbought / oversold oscillator and histogram indicator will warn you about trend exhaustion and notify about possible trend reversals! OsMA shows the difference between the MACD and its signal line. The MACD OsMA Indicator for Metatrader 4 (MT4) uses three moving averages and it will show you the difference between the Exponential Moving Average with two periods and the signal line that is also a moving average of the indicator. MACD OsMA MTF Indicator is a perfect tool to analyze and understand the price movements between buy and sell signals on many time frames!
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