The Moving Average Convergence/Divergence (MACD) Technical Indicator is the difference between a 26-period and 12-period exponential moving averages (EMA). In order to clearly show buy/sell opportunities, a so-called signal line (9-period moving average of the indicator) is plotted on the MACD chart.
The MACD proves most effective in wide-swinging trading markets. There are three popular ways to use the Moving Average Convergence/Divergence: crossovers, overbought/oversold conditions, and divergences.
The MACD is calculated by subtracting the value of a 26-period exponential moving average from a 12-period exponential moving average. A 9-period dotted simple moving average of the MACD (the signal line) is then plotted on top of the MACD.
MACD = EMA(CLOSE, 12) - EMA(CLOSE, 26)
SIGNAL = SMA(MACD, 9)
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/35
The Indicator Ichimoku Kinko Hyo is predefined to characterize the market Trend, Support and Resistance Levels, and to generate signals of buying and selling.Heiken-Ashi
The Heiken-Ashi indicator is looks like the candlestick chart, but it has some difference.The advantage of the Heiken-Ashi charts is a simple trend determination, the upward trend candles are blue,the downward trend candles are red.