Most "out of the box" MACD indicators do not provide the all important MACD histogram which can give an early warning signal for a trend change.
The FX AlgoTrader MACD Turbo indicator provides a tunable MACD indicator for Metatrader MT4. MACD Turbo provides the standard MACD and signal lines and also the MACD Histogram which many FX trading courses place a great deal of emphasis on.
The MACD Turbo custom indicator is fully configurable and has the following options:-
Set fast EMA (exponential moving average)
Set slow EMA
Set Signal EMA
Display/hide MACD histogram
Select histogram colour
Select histogram width
Select signal line colour
Select signal line width
Select signal line style
Select MACD line colour
Select MACD line width
Select MACD line style
Enable crossover alert System
Control maximum number of alerts generated
Configure whether alerts are on actual crosses or line touches.