A Smoothed MACD Histogram Calculated from RSI

Summary

This indicator description attributes the tool to Waddah Attar and characterizes it as a smoothed MACD histogram calculated from the Relative Strength Index rather than directly from price. It identifies the indicator as an earlier MQL4 implementation, published in 2008, and notes that the implementation depends on a smoothing-algorithm library for its calculation classes. The source points readers to a separate explanation of averaging price series for intermediate calculations.

The document gives only a high-level account of the indicator's construction and implementation dependency. It does not specify the smoothing parameters, explain how to interpret histogram changes, set out entry or exit rules, or provide empirical results. It therefore helps identify the indicator's basis and software requirement, but traders would need the implementation details and independent testing to assess its behavior or usefulness in a strategy.

Key ideas

• The indicator applies a smoothed MACD-style histogram calculation to RSI values.
• Waddah Attar is identified as the indicator's author.
• The implementation depends on a smoothing-algorithm library.
• The description supplies no trading rules, parameter guidance, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.