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MACD with weighted moving average

  • #1
  • First Post: May 22, 2011 1:30pm May 22, 2011 1:30pm
In MT4 the standard is 12, 26, 9
The 12 and 26 being EMA

Is there a MACD indi where rather than EMA it be weighted moving average?

thanks!

PGPB
  • #2
  • May 22, 2011 3:06pm May 22, 2011 3:06pm
Quoting pgpb
In MT4 the standard is 12, 26, 9
The 12 and 26 being EMA

Is there a MACD indi where rather than EMA it be weighted moving average?

thanks!

PGPB
Hi Pgpb,
try this. I've simply changed the type of MA used in the original MCAD

gspe
Attached File(s)
File Type: mq4 MACD-LWMA.mq4   2 KB | 1,789 downloads
  • #3
  • May 22, 2011 3:38pm May 22, 2011 3:38pm
Quoting gspe
Hi Pgpb,
try this. I've simply changed the type of MA used in the original MCAD

gspe

Thanks

Is it possible to show the crossing of the lines, like in this image?
Attached Image
  • #4
  • May 22, 2011 3:47pm May 22, 2011 3:47pm
Quoting pgpb
Thanks

Is it possible to show the crossing of the lines, like in this image?
Hi,
the two lines are the EMA-LWMA lines, right?

So do you want to see EMA-LWMA in the same chart?
  • #5
  • Edited 5:22pm May 22, 2011 5:21pm | Edited 5:22pm
Quoting gspe
Hi,
the two lines are the EMA-LWMA lines, right?

So do you want to see EMA-LWMA in the same chart?
MACD shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA.

A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.

However what I would like is the whole thing calculated with weighted moving averages....so....rather than EMA

MACD is calculated by subtracting the 26-day WMA from the 12-day WMA. A nine-day WMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.


I have access to it on another charting package (VT trader) I was just hoping that it would be easy to create on MT4

PGPB
  • #6
  • May 23, 2011 1:47am May 23, 2011 1:47am
Quoting pgpb
MACD shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA.

A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.

However what I would like is the whole thing calculated with weighted moving averages....so....rather than EMA

MACD is calculated by subtracting the 26-day WMA from the 12-day WMA. A nine-day WMA of the MACD, called the "signal...
Hi Pgpb,
i'm not an expert of MACD.

On http://forex-indicators.net/macd I've found two Indicator that plot the additional trigger line.

The MACD lines they plotted are completely different from the one on MT4
Since i'm not an expert if you want to try this indicators and if they calculate MACD correctly i'll change the EMA with LWMA.

gspe
Attached File(s)
File Type: mq4 2line_MACD.mq4   3 KB | 1,293 downloads
File Type: mq4 MACD_2_Colour_HISTOGRAM.mq4   4 KB | 1,190 downloads
  • #7
  • May 23, 2011 4:38am May 23, 2011 4:38am
Quoting gspe
Hi Pgpb,
i'm not an expert of MACD.

On http://forex-indicators.net/macd I've found two Indicator that plot the additional trigger line.

The MACD lines they plotted are completely different from the one on MT4
Since i'm not an expert if you want to try this indicators and if they calculate MACD correctly i'll change the EMA with LWMA.

gspe

Hi GSPE

I loaded both MACD that you sent, and if you could convert either to LWMA that would be fantastic.
My main focus is the crossing of the two lines.
I have become very interested in trading with MACD divergence and someone showed me how using the LWMA smooths the lines out and makes it easier to spot the divergence.

I am HUGELY grateful for your assistance.

PGPB
  • #8
  • May 23, 2011 7:12am May 23, 2011 7:12am
Hi Pgpb,
i worked a bit on the code.

This is the result, try it ans let me know if it's works as you like.

gspe
Attached File(s)
File Type: mq4 MACD LWMA v1.01.mq4   4 KB | 1,615 downloads
  • #9
  • May 23, 2011 7:31am May 23, 2011 7:31am
Quoting gspe
Hi Pgpb,
i worked a bit on the code.

This is the result, try it ans let me know if it's works as you like.

gspe

I put it on a MT4 chart, and compared it to the other charting package that does have LWMA MACD and it looks to be the same!!!

This really helps me a lot

many thanks!!

PGPB
  • #10
  • Dec 7, 2020 4:14am Dec 7, 2020 4:14am
Quoting gspe
Hi Pgpb, i worked a bit on the code. This is the result, try it ans let me know if it's works as you like. gspe {file}
Hi there, I love this Linear Weighted MACD - is there any way that I can change the 'dashed' red line to solid and keep it that way? Every time I close and re open MT4 it reverts to being dashed again . . . Weird . . .

Many thanks for your help!
  • #11
  • Dec 7, 2020 8:09am Dec 7, 2020 8:09am
Quoting mikenr
{quote} Hi there, I love this Linear Weighted MACD - is there any way that I can change the 'dashed' red line to solid and keep it that way? Every time I close and re open MT4 it reverts to being dashed again . . . Weird . . . Many thanks for your help!
Modifed to make signal line solid
Attached File(s)
File Type: mq4 MACD LWMA v1.01.mq4   8 KB | 728 downloads
It never gets easier, you just get better
  • #12
  • Last Post: Dec 9, 2020 1:19am Dec 9, 2020 1:19am
Many thanks indeed! I hope all is well with you and your family
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