Momentum MACD Smoother - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
MACD is calculated as the difference between two moving averages: Fast Average - Slow Average. That's it. Here's a completely different version: tit is the MACD of two momentums (fast and slow). Although the idea is strange, the results are logical, acceptable, and can be used in trading decisions
It can also be used as a "regular" MACD - zero crossing or slope direction can be used for signals
PS: For those checking the code - there is a "weird" thing in the calculation. No - it's not a bug :) This way the result is acceptable
Attachment download
📎 smoother_momentum_macd.mq5 (11.2 KB)
Source: MQL5 #24294
Momentum MACD Smoother - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Momentum MACD Smoother - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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