In this article i’m going to talk about how you can change the MACD settings in Trading View, to suit your trading style and strategy. I’m going to talk about the length of the MACD and signal lines, and the colours of the histogram and the lines. Let’s jump straight into it!
First of all, what is the MACD indicator?
‘MACD’ stands for Moving Average Convergence Divergence. It does what it says on the tin! It’s the consecutive convergence and divergence of two moving averages. I published a separate blog article, explaining how you can use the MACD indicator to make more money in your trading, linked below, so I won’t go into that here. However, I do want to explain to you how you can change the settings on the indicator.
How to change the settings on the MACD indicator in Trading View
OK, so now i’m going to share with you how you can change the settings on the MACD indicator. To change the length of the moving average lines, tap anywhere on the MACD indicator, and you will see the settings menu come up – it appears on the leeft of the sceen, as shown below:
When you click on the little hexagon shape, it will bring up a menu, as follow:
You want to click next on the ‘inputs’ tab as shown above, and you will see this screen next:
As you can see, you can alter the lengths of the moving averages here by changing the values in the field boxes.
How do you change the colour scheme of the MACD indicator?
Changing the colour scheme of the MACD indicator in Trading View is just as easy as changing the moving averages. You simply click on settings with the hexagonal shape again, and the first box which comes up, is the menu where you have the option to change the colours of the MACD indicator:
You can also change the visibility of the MACD indicator by clicking on the tab for this, and you will see this menu:
I hope you found this article helpful!
Disclaimer!
Nothing on this blog should be taken as financial advice or encouragement for you to enter a trade. You are expected to speak to a financial adviser or carry out your own due diligence before entering any positions. Everything on this blog is made for educational purposes and to equip you with the knowledge you need to be able to make your own financial decisions.
For more great tips and advice on trading the stock market, please visit:
https://www.sophiatrades.co.uk
To watch me trade live please visit my patreon page here:
https://www.patreon.com/sophiatrades
Finally, if you would like to receive a discount on the Trading View charting software I use, please click on the relevant link here:
https://www.tradingview.com/?aff_id=117138
Please note any subscriptions taken via my affiliate link with Trading View may result in me earning a small commission. However, I provide complete transparency on me using Trading View personally – I publish my success on the financial markets via my broker reports and any profits earned were done so by using my own Trading View subscription, so I genuinely do recommend them and have been using the Trading View charts for many years.