Normalized MACD – indicator for MetaTrader 5
This indicator is almost same as the
“normal” MACD, except that its values are normalized and are roughly
falling into a predictable range of values (unlike the regular nacd,
that does not have that predictability of expected ranges). That makes
it usable for direct value-to -value comparison over different
instruments and / or timeframes (since the values are comparable now).
though the values are “very similar” to the original MACD, the values
can differ significantly — see the example: lower is the “regular”MACD , and, as it is obvious, it is quite different in some periods of
elevated volatility from the normalized version (not just regarding
values, but the slope as well as the signal values).
It should be used using the same rules as regular MACD, but some experimenting is advised.