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MACD Histogram Built from a Smoothed RSI Oscillator

Article MQL5 code base
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Summary

The document describes an indicator that applies MACD-style calculations to a smoothed RSI oscillator. Its plotted components include a histogram, a signal line for that histogram, and an RSI oscillator based on moving-average values. This combines an oscillator-derived input with a familiar momentum indicator structure.

The text identifies the indicator's author and notes an earlier MQL4 implementation and publication date. It provides no formula details, parameter guidance, chart interpretation rules, trading signals, or performance tests. As a result, it explains the indicator's basic construction and visual components, but does not establish how reliably it identifies momentum changes or how it should be used in a trading system.

Key ideas

  • The indicator applies MACD calculations to a smoothed RSI oscillator.
  • Its display includes a histogram and a signal line derived from the histogram.
  • The RSI oscillator is calculated using moving-average values.
  • The document provides no trading rules or evidence of performance.

Tags

Technical indicatorsMomentum

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