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Home Averages MACD MetaTrader 5 Indicator Normalized MetaTrader 5 Indicator | Normalized MACD - of averages

MetaTrader 5 Indicator | Normalized MACD - of averages

3.7.25 0

Theory :

MACD is, by definition calculated as a difference of fast and slow EMA (Exponential Moving Average). This versions allows you to :

  • use one of the 4 basic types of averages for calculation :
    • simple moving average
    • exponential moving average
    • smoothed moving average
    • linear weighted moving average
  • it is normalizing those macd values to -1 to +1 range

Usage :

You cans use color changes as signals

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