Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:: 10257
Rating:: (23)
Published:: 2016.10.31 13:08
Updated:: 2018.05.15 13:46

leader_of_the_macd.mq5 (10.57 KB) view

Download as ZIP, How to download code from MetaEditor

: Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

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).

Zerolag Tema Bars

There are some additions in this indicator compared with MetaTrader 4-version.

Averages MTF

A version that adds some averages not supported by built in standard types to the collection of averages in one single file.

Keltner Channel

Keltner channel with some additional options

Spearman Rank Autocorrelation

This is an auto-correlation version of Spearman rank indicator.

Leader of the MACD - indicator for MetaTrader 5