This is the information explaining the Tmacd indicator from the internet.
‘(TMACD) possesses a design feature that enables it to produce a much smoother and wave-like histogram that those of other similar indicators. In fact, you will discover that it displays a doubled smoothed performance because it is averaged twice.
The TMACD is a MACD that has been averaged again, i.e. averaging the average. This extra function provides an extra smooth and wave-like histogram as you can observe in the diagram below. The values of the TMACD are calculated by using various input data such as volume, price, or other technical indicators. However, the TMACD is most often used to track price.’
I looked for a Mt4 version to no avail. Could someone make a mq4 version from this Tradestation code.
‘(TMACD) possesses a design feature that enables it to produce a much smoother and wave-like histogram that those of other similar indicators. In fact, you will discover that it displays a doubled smoothed performance because it is averaged twice.
The TMACD is a MACD that has been averaged again, i.e. averaging the average. This extra function provides an extra smooth and wave-like histogram as you can observe in the diagram below. The values of the TMACD are calculated by using various input data such as volume, price, or other technical indicators. However, the TMACD is most often used to track price.’
I looked for a Mt4 version to no avail. Could someone make a mq4 version from this Tradestation code.
Attached File(s)
TMACD Divergence1.mq4
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