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- Views:
- 6955
- Rating:
- Published:
- 2019.01.02 14:29
- Updated:
- 2019.01.28 07:19
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The On screen MACD indicator is drawn on the main price chart. Slow ЕМА is used as the zero line.
It has four adjustable parameters:
- Fast EMA period
- Slow EMA period
- Signal period - signal line calculation period
- Applied price - price used for calculation
Calculations:
MACD = EMA(Applied price, Fast EMA period)
Zero = EMA(Applied price, Slow EMA period)
Signal = Zero + SMA(RAW, Signal period)
Histogram = Zero + MACD - Signal
where:
RAW = MACD - Zero
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23005