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MACD_Osmax.mq5 (12.79 KB) view

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

It has five adjustable parameters:

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 Ltd.
Original code: https://www.mql5.com/ru/code/23536

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