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Indicators

DSL - DEMA MACD - indicator for MetaTrader 5

Mladen Rakic | English Русский 中文 Español Deutsch 日本語 Português
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5515
Rating:
(16)
Published:
2018.02.15 14:35
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Variation of a long known and useful MACD indicator.

This version is using:

  • DEMA (Double Exponential Moving Average) instead of using EMA (Exponential Moving Average) for MACD calculation.
  • DSL (Discontinued Signal Lines) and instead of using one signal line uses two. That way it sort of introduces levels as well as signal lines and, judging from tests, it seems to be better in avoiding false signals and it can be used in (short term) reversals detection.

Combined, it is producing faster results than the regular (EMA using) MACD.

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Stochastic and RVI (Relative Vigor Index) - both indicators measure overbought and oversold area of the market movement. This indicator combines them both in one single indicator - Stochastic of Relative Vigor Index.

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Usually most brokers do not provide M1 data over 3 months in MetaTrader 4, but they provide M1 data over 3 years in MT5. So we can use this tool to obtain the M1 data in MetaTrader 5 tester and save the data into .hst file for MetaTrader 4 backtesting.

DSL - TEMA MACD DSL - TEMA MACD

Variation of a long known and useful MACD indicator using TEMA (Triple Exponential Moving Average) instead of using EMA (Exponential Moving Average) for MACD calculation, and DSL (Discontinued Signal Lines) and instead of using one signal line uses two.

Kalman bands Kalman bands

This is a conversion of Kalman bands originally developed by Igor Durkin. Values are the same as MetaTrader 4 version except that we are using possibilities that MetaTrader 4 does not have to make the indicator easier to use.