RSI Adaptive EMA for MACD - With Floating Levels - MetaTrader 5 Script - MT4/MT5 Resources
MACD is calculated according to the original definition as the difference between two EMAs: fast EMA and slow EMA (exponential moving average). This version uses the RSI Adaptive EMA for calculations and adds something that was not originally present in MACD (since it is an unconstrained indicator): some overbought and oversold levels by using floating levels. You can choose from 4 color variations:
It can be used like any other MACD
Attachment download
📎 macd_of_rsi_adaptive_ema_5flo.mq5 (16.68 KB)
Source: MQL5 #24097
RSI Adaptive EMA for MACD - with floating levels - MetaTrader 5 script usage and screening recommendations
RSI Adaptive EMA for MACD - with floating levels - MetaTrader 5 script belongs to the Forex indicator 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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