Best MACD for Daily Chart Gold
How to Add MACD XAUUSD Indicator on MetaTrader 4
Step 1: Open Navigator Window Panel on Gold Trading Software
Open the Navigator panel as shown below - Navigate to "View" menu (then click it) and then choose the "Navigator" window (click), or From Standard Tool Bar click the "Navigator" button or press the keyboard short-cut keys "Ctrl+N"
On Navigator panel, select "Technical Indicators", (Double-Click)
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Step 2: Expand the XAUUSD Technical Indicator Menu on the Navigator
Expand the technical indicators window menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the MACD indicator from this list of gold indicators so as to add the MACD indicator on the xauusd chart.
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How to Add Custom MACD XAUUSD Indicator to MetaTrader 4
If the technical indicator you want to add is a custom MACD indicator - for examples if the MACD indicator you want to add is a MACD custom indicator you will need to first add this custom MACD indicator on the MetaTrader 4 platform & then compile custom gold MACD technical indicator so that the newly added MACD custom gold indicator pops up on the list of custom indicators on the MetaTrader 4 software.
To learn how to install MACD indicator on MetaTrader 4, how to add MACD indicator panel to MT4 & how to add gold MACD custom indicator in MT4 - How to add a custom MACD indicator in MetaTrader 4.
MACD XAUUSD Trading Indicator Described
MACD XAUUSD Technical Analysis & MACD Gold Signals
The MACD technical indicator is one of the simplest, reliable, and most oftenly used xauusd technical indicators.
MACD is a momentum oscillator and also a gold trend following indicator.
Construction of MACD Technical Indicator
Construction of this MACD technical indicator calculates the difference between two moving averages and then draws that as "Fast" line: a second "Signal" line is then calculated from the resulting "Fast" line and then plotted on the same panel window panel as "Fast" line.
- "Fast" line - Blue Line
- "Signal" line - Red Line
The "standard" MACD indicator values for "Fast" line is a 12-period exponential moving average and a 26-period exponential moving average & a 9-period exponential moving applied to the fast line, this draws the "Signal" line.
- MACD Fast-line - difference between 12 & 26 exponential moving averages
- MACD Signal-line - moving average of this difference of 9-periods
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MACD Gold Technical Analysis & Generating XAUUSD MACD Trading Signals
The MACD indicator is a commonly used as gold trend following indicator & works most effectively when analyzing gold trending xauusd price movements. The three common strategies of using MACD indicator to generate gold signals are:
Crossovers Gold Signals:
MACD Fast-line, MACD Signal Line Crossover:
- A buy trading signal is generated when MACD FastLine crosses above MACD Signal-line
- A sell trading signal is generated when MACD FastLine crosses below the MACD Signal Line.
However, in a strong gold trending market this signal gives a lot of whipsaws, the best gold MACD crossover to use would thus be the MACD Zero Line Crossover Signal that's less prone to gold whipsaws.
MACD Zero Line Crossover Signals:
- When the MACD FastLine crosses above MACD zero center line a buy trading signal is generated.
- when the MACD FastLine crosses below the MACD zero center-line a sell signal is generated.
MACD Divergence XAUUSD Trading:
Looking for divergences between the MACD indicator & xauusd price can prove to be very effective in identifying potential gold trend reversal and/or trend continuation points in xauusd price movement. There 2 types of MACD divergences:
- MACD Classic Divergence Gold Signals
- MACD Hidden Divergence Gold Signals
MACD Overbought Gold Trading Levels & MACD Oversold XAUUSD Trading Levels:
MACD indicator is also used to identify potential overbought & oversold levels in xauusd price action movements.
These overbought and oversold levels are generated if the shorter MACD Lines separate dramatically from the median, this is a signal that xauusd price action is over extending and it will soon return to more realistic areas.
MACD & Moving Average Crossover Gold Trading System
MACD technical indicator can be combined with other indicators to form a xauusd system. A good MACD indicator combination is with the Moving Average cross over xauusd trading system. A gold signal is generated when both gold technical indicators give a signal in the same direction.
Best MACD for 15 Min XAUUSD Chart - Best MACD for 5 Minute XAUUSD Chart - Best MACD for 1 Min chart Gold
