Smoother Momentum MACD with Floating Levels - MetaTrader 5 Script - MT4/MT5 Resource
This is an expanded version of the Smoothed Momentum MACD (originally posted here: MACD Momentum Smoother )
Float levels were added and accordingly 4 color variations were added:
You can use color changes as signals
Attachment download
📎 smoother_momentum_macd_qfl6.mq5 (15.91 KB)
Source: MQL5 #24295
Smoother Momentum MACD with Floating Levels - MetaTrader 5 Script Usage and Screening Advice
Smoother Momentum MACD with Floating Levels - MetaTrader 5 Script belongs to the trading scripts related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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