Explore the latest free tools from the MQL5 community. Here's a new indicator, expert advisor, or script for MetaTrader.
Ergodic MACD-Oscillator from the book "Momentum, direction and divergence" by William Blau, implemented in the form of a color histogram.
The indicator uses SmoothAlgorithms.mqh library classes (must be copied to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".
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The ColorBlauErgodicMACD indicator
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