Dear Tardes
The big lesson that I learned is a statment from Bigpipin.“If you have some valuable piece of information, don’t hold back, share it with your fellow traders. So below, you can find an indicator very fast and available insteade of MACD.
//±-----------------------------------------------------------------+
//| ZeroLag MACD.mq4 |
//| RD |
//| <[email protected]> |
//±-----------------------------------------------------------------+
#property copyright “RD”
#property link "[email protected]”
//----
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
//---- input parameters
extern int FastEMA = 12;
extern int SlowEMA = 25;
extern int SignalEMA = 9;
//---- buffers
double MACDBuffer[];
double SignalBuffer[];
double FastEMABuffer[];
double SlowEMABuffer[];
double SignalEMABuffer[];
//±-----------------------------------------------------------------+
//| Custom indicator initialization function |
//±-----------------------------------------------------------------+
int init()
{
//---- indicators
IndicatorBuffers(5);
SetIndexBuffer(0, MACDBuffer);
SetIndexBuffer(1, SignalBuffer);
SetIndexBuffer(2, FastEMABuffer);
SetIndexBuffer(3, SlowEMABuffer);
SetIndexBuffer(4, SignalEMABuffer);
SetIndexStyle(0, DRAW_LINE);
SetIndexStyle(1, DRAW_LINE,EMPTY);
SetIndexDrawBegin(0, SlowEMA);
SetIndexDrawBegin(1, SlowEMA);
IndicatorShortName(“ZeroLag MACD(” + FastEMA + “,” + SlowEMA + “,” + SignalEMA + “)”);
SetIndexLabel(0, “MACD”);
SetIndexLabel(1, “Signal”);
//----
return(0);
}
//±-----------------------------------------------------------------+
//| Custor indicator deinitialization function |
//±-----------------------------------------------------------------+
int deinit()
{
//----
return(0);
}
//±-----------------------------------------------------------------+
//| Custom indicator iteration function |
//±-----------------------------------------------------------------+
int start()
{
int limit;
int counted_bars = IndicatorCounted();
if(counted_bars < 0)
return(-1);
if(counted_bars > 0)
counted_bars–;
limit = Bars - counted_bars;
double EMA, ZeroLagEMAp, ZeroLagEMAq;
for(int i = 0; i < limit; i++)
{
FastEMABuffer[i] = iMA(NULL, 0, FastEMA, 0, MODE_EMA, PRICE_CLOSE, i);
SlowEMABuffer[i] = iMA(NULL, 0, SlowEMA, 0, MODE_EMA, PRICE_CLOSE, i);
}
for(i = 0; i < limit; i++)
{
EMA = iMAOnArray(FastEMABuffer, Bars, FastEMA, 0, MODE_EMA, i);
ZeroLagEMAp = FastEMABuffer[i] + FastEMABuffer[i] - EMA;
EMA = iMAOnArray(SlowEMABuffer, Bars, SlowEMA, 0, MODE_EMA, i);
ZeroLagEMAq = SlowEMABuffer[i] + SlowEMABuffer[i] - EMA;
MACDBuffer[i] = ZeroLagEMAp - ZeroLagEMAq;
}
for(i = 0; i < limit; i++)
SignalEMABuffer[i] = iMAOnArray(MACDBuffer, Bars, SignalEMA, 0, MODE_EMA, i);
for(i = 0; i < limit; i++)
{
EMA = iMAOnArray(SignalEMABuffer, Bars, SignalEMA, 0, MODE_EMA, i);
SignalBuffer[i] = SignalEMABuffer[i] + SignalEMABuffer[i] - EMA;
}
return(0);
}
//±-----------------------------------------------------------------+