MACD Histogram Displayed as a Colored Gap Between Lines

Summary

This brief indicator description explains a visual presentation of MACD: two lines are plotted, and the area between them is filled with color to show the current trend. It identifies the display as a histogram-style view, though it does not explain the underlying MACD calculation, parameter choices, or how to derive trading signals from the visualization.

The implementation relies on classes from an external smoothing library, whose use is covered in a separate article. The document says the indicator was first implemented in MQL4 and published in 2008. It provides no chart-based examples, performance evidence, or guidance on interpreting crossovers, so it should be treated as a description of an indicator display rather than a tested trading method.

Key ideas

• The indicator shows MACD as two lines with the gap between them filled in color.
• The fill color is intended to indicate the current trend.
• The implementation depends on an external smoothing library.
• The description provides no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.