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Indicators

ZeroLag MACD - indicator for MetaTrader 5

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6905
Rating:
votes: 24
Published:
2010.08.23 15:57
Updated:
2016.11.22 07:32

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.

ZeroLag MACD 

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 Software Corp.
Original code: https://www.mql5.com/ru/code/170

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