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Indicators

MACD_Osmax - indicator for MetaTrader 5

Scriptor | English Русский Español

Views:
422
Rating:
votes: 7
Published:
2019.02.07 09:00
MACD_Osmax.mq5 (12.79 KB)view

Oscillating indicator MACD OsmaX is a modification of the classical MACD.

It has five adjustable parameters:

  • Fast EMA period - fast EMA calculation period
  • Slow EMA period - slow EMA calculation period
  • Signal period - signal line calculation period
  • OsmaX - OsMA factor
  • Applied price - calculation price

Calculations:

MACD   = FastMA - SlowMA
Signal = AvgMACD
OsMA   =(MACD - Signal) * OsmaX

where:

FastMA - EMA(Applied price, Fast EMA period)
SlowMA - EMA(Applied price, Slow EMA period)
AvgMACD- EMA(MACD ,Signal period)


Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/23536

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