Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=13771
Forum: 17 · Topic 13771 · 3 post(s)
Apprentice · Tue Feb 21, 2012 4:02 pm

This indicator Overlay combines MACD, EMA & DMI. You can use all three of them to filter Price Action, or any combination ot then.
EMA Filter
Long - EMA >EMA(-1) Short - EMA <EMA(-1)
DMI Filter
Long - DIP > DIM Short - DIP < DIM
MACD Filter MACD > SIGNAL MACD < SIGNAL
The indicator was revised and updated
Apprentice · Tue Feb 21, 2012 5:59 pm
The fourth filter added.
EMA / Price Filter
Long Price> EMA short Price <EMA
Apprentice · Sun Apr 02, 2017 6:55 am
Indicator was revised and updated.