Hello Friends,
This is regular MACD using super trend as a signal line. much promising. you may like and use in your trading strategy.
Happy Trading.

ROI wrote: Wed Feb 26, 2025 4:05 pm Is it possible to make oscillator out of this?

SineWMA.mq4

Stock traders and analysts who rely on technical analysis use sine waves to plot the upper and lower limits of a stock's movement up and down over time. This helps them spot fleeting opportunities to buy or sell the stock, based on its movements outside its usual range.

The sine wave can be a useful tool when stocks are generally moving cyclically. It fails, however, when the markets overall are trending, meaning they are moving in a way that is less predictable.

Sine Wave MACD

Made this.

mate wrote: Thu Feb 27, 2025 2:02 am good day! Master Programmers can combine two reds into one red and two greens into one green and output it all into two buffers! If possible! or maybe there is already a ready-made analogue? Thanks

Made this one, with an option of histogram on zero cross or signal cross.

alpha24 wrote: Wed Feb 26, 2025 7:14 am Hello Friends,
This is regular MACD using super trend as a signal line. much promising. you may like and use in your trading strategy.
Happy Trading.

It has the edge over the old MACD.. great effort alpha comparing both the Supertrend MACD is at times one bar faster for signals but doesn't lose accuracy of the big trend. Below the original MACD is at the bottom of the chart! Brilliant!

alpha24 wrote: Wed Feb 26, 2025 7:14 am Hello Friends,
This is regular MACD using super trend as a signal line. much promising. you may like and use in your trading strategy.
Happy Trading.

boytoy wrote: Thu Feb 27, 2025 7:24 pm It has the edge over the old MACD.. great effort alpha comparing both the Supertrend MACD is at times one bar faster for signals but doesn't lose accuracy of the big trend. Below the original MACD is at the bottom of the chart! Brilliant!

Lots of nice, new MACD codes in this topic.

Good comparison Boytoy, and a unique indicator that I've not actually seen until today. It is indeed a slightly quicker alternative to the MACD which has a more "assuring" look to it's signal line. Thank you Alpha24!

The latest MACD indicators from Mrtools above my post look great too, I'm about to check them out now.

These are great indicators for confirming a trend.
If I were a coder I'd seriously thing of making an EA of these along with a 34 sma.
1st illustration with 34 Sma MBD and 2nd the indicators by themselves
TEAMTRADER

mrtools wrote: Wed Feb 26, 2025 9:51 pm Made this.

Thank you very much. How to use this is so, that having both SineWMA and SineMacd with same settings and Macd zeroline as a signal, looks good with Range Bar chart.
So if SineWMA setting is 15 then Macd setting should be 14-15. Also divergence is good. Like it. SineWMA is yellow line. Yeah, thank you.

mrtools wrote: Thu Feb 27, 2025 6:54 am Made this one, with an option of histogram on zero cross or signal cross.

I'm sorry, but there is a slight discrepancy in places. As soon as you have a minute to spare, you can take a look. Thank you.

mate wrote: Fri Mar 07, 2025 7:12 am I'm sorry, but there is a slight discrepancy in places. As soon as you have a minute to spare, you can take a look. Thank you.

Hello, thanks for testing found a couple of things could you try it now.

mrtools wrote: Fri Mar 07, 2025 8:40 am Hello, thanks for testing found a couple of things could you try it now.

Here's what happens with two options