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Anyone has the standard MACD (no modifications!) colored so once below zero= red and above=green. Also without the two signal lines, only the histogram is needed.
Anyone has the standard MACD (no modifications!) colored so once below zero= red and above=green. Also without the two signal lines, only the histogram is needed.
This is calaculated the same as the MACD Histogram
Calculation of Osma is based on MACD but its not the same. Its a moving average of the oscillator, moving average of a MACD. Your indicator looks just the right way, but its not the MACD. If you have the MACD in color it would be great!
Calculation of Osma is based on MACD but its not the same. Its a moving average of the oscillator, moving average of a MACD. Your indicator looks just the right way, but its not the MACD. If you have the MACD in color it would be great!
I think this will do it, I have taken a standard MACD & Histogram and deleted the lines just leaving the HISTO. Sorry I thought that the Osma was very similar but obviously not close enough.
This topic has been left alone for a long time, but just wanted to tell everyone that the OsMA, that sometimes is refered as the MADC histogram, is nothing more than the distance between the MACD and the signal. Do not be confused by the way that Metatrader's original indicator paints the MACD as bars, because in other platforms, it is just painted as a line.
Notice in the last chart posted that when the MACD crosses its signal, the OsMA is equal to 0.
Linear Mode
