MACD Colored Indicator for MT4 is a Metatrader 4 (MT4) indicator and the essence of this technical indicator is to transform the accumulated history data. It will be a good trend indicator if uses Waddah_Attar_Explosion indi (Tick volume based) as trend confirmation. gomi.orira.xyz4. MACD indicator that does smoothed, simple, weighted e.t.c. Is there a MACD indicator for MT4, that besides actually displaying the line and histogram.