study(shorttitle = "MACD 4C", title = "4 colour MACD") fastMA = input(title="Fast moving average", type = integer, defval = 12, minval = 7) slowMA = input(title="Slow moving average", type = integer, defval = 26, minval = 7) lastColor = yellow [currMacd,_,_] = macd(close, fastMA, slowMA, 9) [prevMacd,_,_] = macd(close, fastMA, slowMA, 9) plotColor = currMacd > 0 ? currMacd > prevMacd ? lime : green : currMacd < prevMacd ? maroon : red plot(currMacd, style = histogram, color = plotColor, linewidth = 3) plot(0, title = "Zero line", linewidth = 1, color = gray)
Then click on "indicators" above your chart (you need to click on the word rather than the arrow next to it).
You will see a group on the left called "favorites". The MACD 4C should show in there. Just click on it to add it to the chart.
This is specifically written for TradingView and uses their scripting language (PineScript).
So this specific version is not available for MT4.