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Views:: 12291
Rating:: (19)
Published:: 2019.01.10 14:06

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

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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