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Custom Indicator
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Custom Indicator

  #11 (permalink)
Elite Member
Tallinn, Estonia
 
Futures Experience: Beginner
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lemons's Avatar
 
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MACD-EMA(MACD)

I did it with "Spreadsheet Study" and its simple.

What I see MACD-EMA(MACD) is actually MACD Difference
and its by default ploted as histogram.

My "Spreadsheet Study" plots it as white line.

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ES 5 min chart 9 of March

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  #12 (permalink)
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lemons's Avatar
 
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Also LukeGeniols way is better

And actually MA of MACD general name.
SC don't specify is it SMA,EMA,WMA

If MACD indicator is based on EMA
then MA = EMA

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https://futures.io/sierra-chart-programming/35110-custom-indicator.html#post481167

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  #13 (permalink)
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csilver View Post
Thanks for the response but I am not visually seeing the same as my other software. I need to subtract the EMA(MACD) not the MA(MACD)

MACD-EMA(MACD)


lemons View Post
.....

If MACD indicator is based on EMA
then MA = EMA
...............

As Lemons said the MA of MACD is an EMA

Take your Pips, go out and Live.
Luke.
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  #14 (permalink)
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Thanks for all the responses, where do you choose the bars for average of the EMA

EMA (MACD,"6") where 6 is bars used for average. That number is different to the MACD EMA's

as an example;

MACD(13,26)- EMA(MACD(13,26),6)

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  #15 (permalink)
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That it


csilver View Post
Thanks for all the responses, where do you choose the bars for average of the EMA

EMA (MACD,"6") where 6 is bars used for average. That number is different to the MACD EMA's

as an example;

MACD(13,26)- EMA(MACD(13,26),6)

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Or we misunderstanding what do you mean ?

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