Thread: Good MACD – VertexFX indicator

The Good_MACD indicator is an enhancement of the MACD indicator by employing additional smoothing (alpha and beta), to reduce lag and make it more responsive. It comprises of two components, the main MACD (blue) and the secondary Signal (red) component.
The main MACD indicator is calculated by subtracting the slow moving EMA from the fast moving EMA, based upon the closing price.
The Signal line is calculated by smoothing the current EMA difference with ALPHA (which is 2 divided by, SIGNAL_MA_PERIOD plus 1, and BETA, which is one minus BETA. The previous value of Signal is used for BETA smoothing.

BUY - Enter BUY when BLUE line closes above RED line from below. Both the BLUE and RED lines must be below zero.
SELL - Enter SELL when the BLUE line closes below RED line from above. Both the BLUE and RED lines must be above zero.