One More Average MACD

v10.3
One More Average MACD

Another MACD (Moving Average Convergence Divergence) indicator built upon a special moving average formula that adapt its period automatically accordingly to the market behaviour and noises. This moving average is called the OMA (One More Average), the formula come from an MT4 version found on internet.

The adaptive period can be more or less adaptive by changing the “sensibility” parameter (0.1 step). The adaptive behaviour of the formula can be shutdown with “Adaptive=0”.

MACD parameters can be changed between at lines 11 and 12 (Fast and Slow moving average periods).

The signal line is made with an ALMA.

I add the dynamic gradient color code to customise the look and feel of the classic MACD histogram, so this indicator is only compatible with PRT v10.3 and above.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. soulintact • 11/23/2016 #

    Thank you very much Nicolas for this great indicator. I have tried to apply it to a trading system, but I fail. I tried to tweak the different parameters but without any results. Any ideas why? I have posted my question at https://www.prorealcode.com/topic/a-trading-system-based-on-the-indicator-one-more-average-macd/

  2. laitus • 11/23/2016 #

    No funciona este indicador ¿¿?? ¿Alguien sabe por qué?

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