The Standard MACD Indicator
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Hi guys,
I have created a new MACD indicator. The MT4 MACD isn't standard, even though it is calculating its values (MACD & signal) correctly. Some say it isn't.
The difference between the standard version and the one of MT4 is in the way each of them plots the MACD value. The standard one plots a line and the MT4 one plots a histogram. The histogram in the standard version represents the difference between MACD and its signal line.
If you have any idea/suggestion or perhaps correction, you're welcome to share.
tapo