EMA to SMA MACD - Extensions - MetaTrader 5 Scripts - MT4/MT5 Resources
The idea came from another trading platform. They call it something different there, but the name here reflects exactly what it's all about. The idea is simple: we count on the EMA (Exponential Moving Average) to be "faster" than the SMA (Simple Moving Average). In this way, "MACD" is constructed using a single period (as opposed to "classic" MACD which requires fast and slow period average calculations). The calculation method of this signal line is sma
This release shows how easy it is to extend almost any type of indicator using some of the features MT5 offers us
It can be used as any other MACD type indicator
Attachment download
📎 ema_to_sma_macd_bextendedu.mq5 (12.72 KB)
Source: MQL5 #23836
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