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Views:: 5809
Rating:: (15)
Published:: 2018.12.24 19:38
Updated:: 2018.12.24 19:43

EMA to SMA MACD (extended).mq5 (12.72 KB) view

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Theory :

The idea comes from another trading platform. They called it differently there, but the name here reflects exactly what it is all about. The idea is simple : we are counting on a fact that EMA (Exponential Moving Average) is "faster" from SMA (Simple Moving Average). That way a "MACD" is constructed using single period (unlike the "classical" MACD that needs fast and slow period average for calculations). The signal line in this one is calculated as a sma

This version is showing how easy is to extend almost any type of indicator(s) with some of the features that MT5 is offering us

Usage :

It can be used as any other MACD type indicator

EMA to SMA MACD

AMA smoothed RSI - floating levels

EMA to SMA MACD - on chart

View the Value in OnCalculate Parameters

This is a utility for beginning indicator programmers, or others, that want to have a look at values provided by OnCalculate and a few other functions. The indicator shows: 1) The most recent value provided with the most recent OnCalculate call. 2) The previous value from the previous OnCalculate call. 3) The first value from the first time onCalculate executed.

EMA to SMA MACD - extended - indicator for MetaTrader 5