Good MACD � VertexFX indicator

[fsr333]

I can't open the file please check the file again. The file is invalid and in your post you said about the blues line but I didn't see any blue line in your picture. Where you can see the blue line. Can you tell me? MACD always is good for trading. By using default MACD indicator, we can get good money. So clear the discussion so that we can get help.

[NCDindia]

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.