WMACD Indicator

The indicator looks at the chart WMACD in the indicator window is almost like a standard indicator MACD, but with slight modifications.

First, the basis was not taken very MACD , and his "child" that is "AO" , and the code and algorithm , "AO" was slightly modified, but the very essence of the indicator MACD has not changed, and he remained the same. Secondly, the columns of the histogram display now color and their color can be customized in the parameters of the indicator. Color bars change depending on which way the indicator value has changed, if the histogram is increased, the column is colored green, but if the new value is less than the previous indicator, the column becomes red.

Among other things in this light WMACD , added two more unimportant functions. For the beginning levels have been established, the parameters of which is also in the light setting, but these levels are the author seemed not enough to define the extreme values ​​of the histogram display. And so it was decided to add in this line of slow light "moving average", which will indicate the degree of deviation of the histogram indicator of the value of this "moving average".

And now, when the histogram rises above the "moving average", it indicates that the price quickly began to change in either direction and open the transaction has to be dangerous and highly risky.

indicator:

S_MA - the period of slow "moving average" indicator MACD;
F_MA - a period of rapid "moving average" indicator MACD;
SMA - period simple "moving average" indicator MACD;
Dvn - coefficient of variation of horizontal levels in the indicator window;
Price - the price for which will be calculated this indicator:
0 - close,
1 - open,
2 - high,
3 - low,
4 - median (HL / 2)
5 - typical (HLC / 3)
6 - weighted (HLCC / 4);
Mode - the method of smoothing the "moving average":
0 - SMA,
1 - EMA,
2 - SSMA,
3 - LWMA.
Description of parameters:

parameter «Dvn» is responsible for the horizontal line of the indicator and can be changed from "0" and above, but the value is greater than "1.0" is recommended not to, because the histogram becomes very small and kind of work on it becomes difficult, if not impossible impossible. If you do not plan to use this level, the value "0.0" is suitable for most users.

The use of the trade:

all the forex signals that are applied to the standard MACD , can be applied to this indicator WMACD .

Download WMACD indicator for MT4