MACD Leader - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource
This is the leader of MACD as described by Giorgos E. Siligardos. In short, this indicator has 2 indicators out of 1. There is a regular MACD (drawn as a line (the colored line is the regular MACD, the dashed line is the signal)) and a "Leader MACD" indicator (drawn as a shaded area).
Using the shaded area allows us to see the 2 indicators more clearly and read both indicators in an easier way (this is not the case with the MetaTrader 4 version - reading the entire indicator is very difficult).
Attachment download
📎 leader_of_the_macd.mq5 (10.57 KB)
Source: MQL5 #16739
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