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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
MACD Dema Indicator for Amibroker (AFL)
The classic MACD, rewritten using Double Exponential Moving Averages.
Similar Indicators / Formulas
Indicator / Formula
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 | Length1 = Param ( "Length1" ,10,2,40,2); Length2 = Param ( "Length2" ,20,1,39,2); Length3 = Param ( "Length3" ,9,1,20,1); // The Moving Average Convergence Divergence calculations MACD1 = 100 * ( DEMA ( C ,Length1)- DEMA ( C ,Length2))/ C ; MACD2 = DEMA (MACD1,Length3); MACD3 = MACD1-MACD2; Plot ( Close , "Price" , colorBlack , styleCandle ); GraphXSpace = 5; // Plot the MACD lines. Plot (MACD1, "MACD1" , colorGreen , styleLine | styleLeftAxisScale ,-1,1); Plot (MACD2, "MACD2" , colorBlue , styleLine | styleLeftAxisScale ,-1,1); Plot (MACD3, "MACD3" , colorRed , styleLine | styleLeftAxisScale ,-1,1); Plot (0, "" , colorRed , styleLine | styleLeftAxisScale ,-1,1); |
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