fxcodebase-backup
Colorful MACD
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=66010
Forum: 48 · Topic 66010 · 1 post(s)
Colorful MACD
Alexander.Gettinger · Tue May 01, 2018 11:34 am
This is the usual MACD indicator with the following features: Unlike the standard TS implementation this indicator shows the MACD as a histogram and SIGNAL as a line (the standard indicator shows MACD and SIGNAL as lines and the difference between MACD and SIGNAL as a histogram) The histogram bars are colored in case the bar is above (below) the signal line. The same coloring is used in MT4 Golden MACD indicator.
Formula: MACD = EMA(price, short) - EMA(price, long) SIGNAL = MVA(MACD, signal)
Download: