ColorBlauErgodicMACD - MetaTrader 5 Script - MT4/MT5 Resource
The historical MACD oscillator is taken from the book "Momentum, Direction and Divergence" by William Blau and is implemented in the form of a color histogram.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to 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.
ColorBlauErgodicMACD Indicator
Attachment download
📎 colorblauergodicmacd.mq5 (10.2 KB)
📎 smoothalgorithms.mqh (134.03 KB)
Source: MQL5 #1942
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