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Views:: 6388
Rating:: (15)
Published:: 2019.01.02 14:29
Updated:: 2019.01.28 07:19

On_Screen_MACD.mq5 (12.68 KB) view

Download as ZIP, How to download code from MetaEditor

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The On screen MACD indicator is drawn on the main price chart. Slow ЕМА is used as the zero line.

It has four adjustable parameters:

Fast EMA period
Slow EMA period
Signal period - signal line calculation period
Applied price - price used for calculation

Calculations:

MACD = EMA(Applied price, Fast EMA period)
Zero = EMA(Applied price, Slow EMA period)
Signal = Zero + SMA(RAW, Signal period)
Histogram = Zero + MACD - Signal

where:

RAW = MACD - Zero

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23005

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On_Screen_MACD - indicator for MetaTrader 5