Search This Blog

Tuesday

MACD with Histogram - indicator for MetaTrader 5

This forex indicator measures the (smoothed) distance in pips between the close and an exponential moving average.
The first input, Period_Average, is the period of the exponential moving average. The forex indicator first computes an array containing the difference between this average and the corresponding close price. Then, it computes an smoothed moving average with period Period_PipsToAv (the second input) of this array.
Here you can show an image with this indicator with parameters 200 and 7, as well as the 200-exponential moving average:

indicator


Download forex-indicator

1 comment:

Unknown said...

The mt4-webtrader provides instant online access to the global financial markets, and allows you to trade from any computer, operating system or browser. No download is needed. Just sign into your account through the browser of your choice.