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Leader of the MACD - indicator for MetaTrader 5

Mladen Rakic | English Русский 中文 Español Deutsch 日本語 Português

votes: 15
2016.10.31 13:08
2018.05.15 13:46

This is the Leader of the MACD as described by Giorgos E. Siligardos. In short, in this indicator there are 2 indicators in 1. There are a regular MACD (which is drawn as lines (colored line is a regular MACD and dotted line is signal)) and the "Leader MACD" indicator (which is drawn as shaded areas).

Using shaded areas gives us a clearer view of the 2 indicators and a much easier way of reading the 2 (which was not the case with MetaTrader 4 version — it was very hard to read the whole thing).

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