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Yes, you understand correctly
According to Appel, signal line is an EMA too (it is mentioned on more than that place I quoted, but that quote is good because of two consecutive uses of "exponential average" term in two consecutive sentences)
MT built in MACD signal line is SMA
is there any Mtf version of this indicator...
if not can someone teach me how to put daily 5ema on 1h chart?
the mtf version+add tf details..
created by:Ostapivan*yahoo.com
replace * with @. (Just for spam purposes) or you can call him oksana
(an expert coder)
credit goes to him..
__________________
Evaluate our service: here
Coding service:EA,Custom indicator and etc more info
the mtf version+add tf details..
created by:Ostapivan*yahoo.com
replace * with @. (Just for spam purposes) or you can call him oksana
(an expert coder)
credit goes to him..
more from him...mtffxsniperMA2+label of ema,price of ema
good for me....
__________________
Evaluate our service: here
Coding service:EA,Custom indicator and etc more info