Color RMACD: RVI Histogram with Flexible Signal-Line Smoothing

Summary

Color RMACD is a MACD-style histogram that uses the RVI indicator for its fast component and a custom True RVI indicator for its slow component. Its histogram and signal line change color according to the active market trend. The signal line can use one of ten averaging methods, ranging from simple and exponential moving averages to adaptive, parabolic, and multi-stage smoothing algorithms.

The document explains that the phase setting has algorithm-specific meanings: it adjusts JMA phase, sets a scaled smoothing ratio for T3, controls the CMO period for VIDYA, and sets the slow EMA period for AMA. For AMA, it also states default fast-period and power-ratio settings. These details describe indicator construction rather than a trading rule. No backtest, signal interpretation thresholds, or evidence of predictive value is provided, and the indicator depends on an external MQL5 smoothing library that must be installed for use.

Key ideas

• The indicator builds its fast and slow components from RVI and a custom True RVI measure.
• Histogram and signal-line colors reflect the indicated active trend.
• The signal line supports ten averaging algorithms with different smoothing behavior.
• The phase parameter has different meanings across JMA, T3, VIDYA, and AMA.
• The document explains implementation dependencies but provides no performance evidence or complete trading strategy.

Tags

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