The On screen MACD indicator is drawn on the main price chart. Slow ЕМА is used as the zero line.
It has four adjustable parameters:
- Fast EMA period
- Slow EMA period
- Signal period – signal line calculation period
- Applied price – price used for calculation
MACD = EMA(Applied price, Fast EMA period) Zero = EMA(Applied price, Slow EMA period) Signal = Zero + SMA(RAW, Signal period) Histogram = Zero + MACD - Signal
RAW = MACD - Zero