This indicator is based on the standard MACD indicator, but showing the changes up and down colored.

It is a nice assistance to visualize our Expert MAGIC MACD.

MAGIC MACD MT4: https://www.mql5.com/en/accounting/buy/market/41144?period=0

MAGIC MACD MT5: https://www.mql5.com/en/accounting/buy/market/41151?period=0

Inputs in the Indicator:

Fast EMA: standard is 12

Slow EMA: standard is 26

Signal: depending on what you want to see. For the MAGIC MACD the standard is 1

in common settings:

Fixed Minimum

Fixed Maximum

Levels:

Define Buy level - See Picture for the MAGIC MACD setting

Define Sell Level - See Picture for the MAGIC MACD Setting