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SMA on MACD

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    SMA on MACD

    Can we apply simple moving averages to MACD and plot it over the histogram? Or that would need a custom MACD indicator?

    #2
    >> Or that would need a custom MACD indicator?
    Correct

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      #3
      Originally posted by draime View Post
      Can we apply simple moving averages to MACD and plot it over the histogram? Or that would need a custom MACD indicator?
      The Avg value (purple by default) in the NT MACD indicator is already an exponential average of MACD. Are you sure you need another one or perhaps you don't like to use EMA and prefer SMA? Not to mention MACD is already a differential exponential average of price in the first place (shown here in EasyLanguage for clarity):
      MACD = XAverage( Price, FastLength ) - XAverage( Price, SlowLength ) ;

      MyMACD = MACD( Close, FastLength, SlowLength ) ;
      MACDAvg = XAverage( MyMACD, MACDLength ) ;
      MACDDiff = MyMACD - MACDAvg ;
      If you would like to see various inputs of fastEMA, slowEMA and Smooth (period) in one indicator, please try the GuppyMACD http://www.ninjatrader-support.com/v...ead.php?t=4654
      Attached Files
      Last edited by thrunner; 01-26-2008, 11:47 AM.

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