Watch how to download trading robots for free

Find us on Facebook!
Join our fan page

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

Views:

13579

Rating:

(20)

Published:

2019.01.10 14:06

MACD of RSI adaptive EMA (fl).mq5 (16.68 KB) view

Download as ZIP, How to download code from MetaEditor

Need a robot or indicator based on this code? Order it on Freelance Go to Freelance

Theory :

MACD is calculated, by original definition, as a difference of two EMAs : fast and slow EMA (Exponential Moving Average). This version is using RSI adaptive EMA for calculation and it is adding one thing that originally does not exist in the MACD (since it is an un-bound indicator) : a sort of over bought and over sold levels by using floating levels for that. You have a choice of 4 types of color changes for that :

color change on macd slope change
color change on macd to signal cross
slope change on macd crossing on outer (OB/OS) crosses
slope change on middle (floating zero) cross

Usage :

It can be used as any other MACD

RSI adaptive double smoothed EMA

Phase accumulation adaptive market mode - discontinues signal lines

TRIX (fast EMA)

TRIX (using fast EMA for calculation)

Double smoothed Wilders EMA

MACD of RSI adaptive EMA - with floating levels - indicator for MetaTrader 5