MACD Leader - Extension - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
This is the leader of MACD as described by Giorgos E. Siligardos. In short, this indicator has 2 indicators out of 1. There is a regular MACD (drawn as a line (the colored line is the regular MACD, the dashed line is the signal)) and a "Leader MACD" indicator (drawn as a shaded area).
This version extends the basic version with some options that add more flexibility in the use of indicators.
Attachment download
📎 leader_of_macd.mq5 (11.39 KB)
Source: MQL5 #20753
MACD Leader - Extension - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
MACD Leader - Extension - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. 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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