MACD Candles - indicator for MetaTrader 5
- Published by:
- Mladen Rakic
- 2016.10.03 18:12
- 2016.11.22 07:32
It does not have signal line and it does not have the price. Instead it is calculating 4 MACD-values (of open, close, high and low) and constructs MACD from those 4 values as a candles. Color of the candles (and the "trend" that macd should show) depends on the macd of open and close (not on a slope or something similar).
A deviation was made in the calculation: I decided to allow the 4 types of averages to be used (even though by definition of Gerald Appel the macd is calculated as ema(fast)-ema(slow)). So we can have a macd of sma, smma and lwma too — all using same calculating periods.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/16484
This is an indicator that generates simulated data for any period - but in secondsBcrypt
Class for working with AES-256 encryption.