MetaTrader 5
Experts
Indicators
Scripts
Libraries
StorageJoin our fan page
ZeroLag MACD - indicator for MetaTrader 5
* MQL4 and MQL5 programming. Creation of EAs, indicators, scripts for market analysis. Writing applications for popular trading platforms.
- Views:
- 27503
- Rating:
- Published:
- Updated:
-
You are missing trading opportunities:- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration Log inYou agree to website policy and terms of use
If you do not have an account, please register -
Need a robot or indicator based on this code? Order it on Freelance
Go to Freelance
This oscillator is MQL5 version of ZeroLag MACD indicator, published in Russian section of MQL4 CodeBase.
This indicator provides a signal few bars earlier, compared with standard MACD and its divirgence is much more clear.
Calculation:
ZeroLAG MACD(i) = (2*EMA(Close, FP, i) - EMA(EMA(Close, FP, i), FP, i)) - (2*EMA(Close, SP, i) - EMA(EMA(Close, SP, i), SP, i));
ZeroLAG MACD Signal(i) = 2*EMA( ZeroLAG MACD(i), SigP, i) - EMA(EMA( ZeroLAG MACD(i), SigP, i), SigP, i);
where:
- EMA - exponential moving average;
- Close - close price of the bar;
- FP - period of fast moving average;
- SP - period of slow moving average;
- SigP - period of signal moving average.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/170
Keywords and aliases of MQL5
The MQL5 keywords and aliases for autoreplace are presented.
AlfOs
It's an oscillator, similar to OsMA with Variable Index Dynamic Average.
MACD Histogram, multi-color [v04]
MACD indicator with MACD line, Signal line and multi-color histogram.
MACD Histogram, multi-timeframe, multi-color [v03]
MACD indicator with histogram, can be applied any timeframe (higher or lower than the current chart's timeframe).