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%MACD for Amibroker (AFL)
Rating:
3 / 5 (Votes 3)
Tags:
oscillator, macd, amibroker
From Leon Wilson:
Percentage based MACD allow for relative broad market searches beyond zero and trigger line cross overs.
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("MACD%");
Value = ((EMA(Close,12)-EMA(Close,26))/EMA(Close,26))*100;
Plot(Value, "MACD%", colorRed, styleThick);
Plot(EMA(Value,9), "", colorLightBlue);
PlotGrid(0, colorLightGrey);
_SECTION_END();1 comments
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When buy sell signals are inserted it gives exactly the same signals as PPO 12,26,9