MACD Dema
This AFL integrates the MACD indicator with DEMA, smoothing out price movements for a more accurate analysis. Using Amibroker data feed, it generates signals based on the crossover between MACD and DEMA, aiding traders in spotting trend changes.
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_SECTION_BEGIN("MACD_Dema");
sp=Param(" shorter DEMA periods: ",12,3,20);
Lp=Param("longer DEMA periods: ",26,21,50,1);
slp=Param("signal line periods: ",9,3,50,1);
x1=DEMA(C,sp)-DEMA(C,lp);
x2=EMA(DEMA(C,sp)-DEMA(C,lp),slp);
Plot(x1,"x1",colorYellow,styleThick,1);
Plot(x2,"x2",colorRed,styleThick,1);
Plot(0,"",2,styleDashed);
_SECTION_END();