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Comparative Moving Average Convergence/Divergence
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=35469
Forum: 17 · Topic 35469 · 4 post(s)
Comparative Moving Average Convergence/Divergence
Apprentice · Thu Apr 25, 2013 6:18 am
Allows you to select up to five currency pairs. MACD is calculated for all of them. Average MACD of all selected pairs is drawn also.
I presented a Relativ MACD algorithm. In this way, a comparison of different currency pairs is possible.
The indicator was revised and updated
Re: Comparative Moving Average Convergence/Divergence
Obsestric · Thu Apr 25, 2013 5:54 pm
Thanks for being so prompt with the creation! This seems to work right with a regular macd setting (12,26,9), but if I try to change the number to say 5,13,8 the indicator gives me an error message.
I was also wondering what is the main difference between the relative and absolute setting?
Re: Comparative Moving Average Convergence/Divergence
Apprentice · Fri Apr 26, 2013 6:10 am
Small Bug caused this issue. I have fix it.
Relative - a percentage based MACD For use, if we have different currencies, if it is impossible to compare them on same scale Absolute - standard MACD
Re: Comparative Moving Average Convergence/Divergence
Apprentice · Tue May 23, 2017 9:51 am
Indicator was revised and updated.