EMA to SMA MACD - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
The idea came from another trading platform. They are called differently there, but the name here accurately reflects its meaning. The idea is simple: we count on the EMA (Exponential Moving Average) to be "faster" than the SMA (Simple Moving Average). In this way, the "MACD" is constructed using a single period (unlike the "classic" MACD which requires an average of fast and slow periods for calculation). The calculation method of this signal line is sma
It can be used as any other MACD type indicator
Attachment download
📎 ema_to_sma_macd.mq5 (11.4 KB)
Source: MQL5 #23835
EMA to SMA MACD - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
EMA to SMA MACD - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources are foreign exchange 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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