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Views:: 6343
Rating:: (7)
Published:: 2018.12.24 19:34

EMA to SMA MACD.mq5 (11.4 KB) view

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Theory :

The idea comes from another trading platform. They called it differently there, but the name here reflects exactly what it is all about. The idea is simple : we are counting on a fact that EMA (Exponential Moving Average) is "faster" from SMA (Simple Moving Average). That way a "MACD" is constructed using single period (unlike the "classical" MACD that needs fast and slow period average for calculations). The signal line in this one is calculated as a sma

Usage :

It can be used as any other MACD type indicator

AMA smoothed RSI - floating levels

RSI of AMA - floating levels

EMA to SMA MACD - extended

EMA to SMA MACD - on chart

EMA to SMA MACD - indicator for MetaTrader 5