TSI_MACD - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
A TSI oscillator based on a histogram of the smoothed moving average of convergence and divergence of values, implemented in the form of a colored cloud using its own signal line.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to the terminal data folder \MQL5\include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
The original wlxFractals indicator was developed in MQL4 language and released in the code base on August 7, 2006.
Figure 1. TSI_MACD indicator
Attachment download
📎 smoothalgorithms.mqh (134.03 KB)
📎 tsi_macd.mq5 (8.73 KB)
Source: MQL5 #7045
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