Author of the Idea:
The original code for this innovative indicator was shared by Collector.
The ZeroLag MACD indicator provides a unique histogram that showcases the color of the previous bar, offering traders a clearer visual representation of market momentum.
This indicator builds on the standard MACD from the MetaTrader 5 toolkit, enhancing it with a filling feature and a modified calculation formula. The algorithm is inspired by the original code, ensuring accuracy and reliability.
One key change is the removal of the signal line, streamlining the indicator for a more straightforward trading experience. The original design utilizes the Double Exponential Moving Average (DEMA), providing a fresh take on traditional MACD indicators.
ZeroLag MACD Indicator
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