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
Similar MetaTrader Trading Tools:
