FXCodeBase.COM: Forex Chart Indicators and Development

Moving Average of Oscillator (OsMA) is difference between the Moving Average Convergence/Divergence and the signal line.

OSMA = MACD-SIGNAL

Those who know the formulas for classic MACD will notice that this is precisely the formula for MACD histogram.

Although this solution already exists, now is available to you as OsMA.

MT4/MQ4 version.
viewtopic.php?f=38&t=65456&p=116504#p116504


Cumulative OsMA will summarize swing Osma values (in pips).

thanks very much, I appreciate it. It works perfectly.

Update

Thanks Apprentice for the indicator. May I make one request please? Can you programme the colours as per the attached where increasing above zero are bright green, decreasing above zero is dark green, decreasing below 0 is bright red, increasing below zero is dark red?

Thanking you in advance.

KR,

JJ

Request noted.
But I would wait for the new version platforms,
this will then be easier to write.
And in order not to repeat all the work twice.

This version allows you to define different colors for this four cases.

Many thanks for these great update!!
I have looking for this indi long time!

again many thanks

Many thanks for this color update!!!

OsMA Indicator Update.
MA Method selector Added.

Cumulative OsMA Added,