Nema MACD - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Nema MACD Indicator — Calculates MACD using NEMA.
Nema can calculate all known variations (descendants) of EMA: EMA, DEMA, TEMA, ...DecEMA, ...etc., up to a "level" or "depth" of 50 (whatever the name).
Some known depths:
If depth is set to 1, NEMA is equal to EMA, for depth 2 it is equal to DEMA, for depth 3 it is equal to TEMA and so on..., up to depth 50. For depth 1, the calculated MACD is equal to the original Gerald Appel MACD, for any other depth it becomes different. The same depth of NEMA calculations applies to fast, slow and signal calculations.
The indicator already comes with alerts and is a multi-timeframe version.
Attachment download
📎 nema_macd.mq5 (30.96 KB)
Source: MQL5 #17144
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