Logarithmic (or not) MACD This indicator let's you choose between a logarithmic MACD and a regular one.
The difference between a regular and logarithmic MACD is often very little, but having the ability to choose is nice!
For those who don't know a regular MACD calculates it signal and MACD lines using EMAs on nominal change ($ change).
On the other hand by calculating the log of those nominal change we end up charting not the $ change, but the % change.
I'll give you a little example:
On the left is the normal MACD and on the right the LMACD
We can clearly see on the LMACD that the indicator is following a trend of lower highs while on the normal MACD such trend is less clear.
I could clearly find examples of the opposite. In the end, with this script you get to choose which one you'll use and in which scenarios.
Hope you enjoy!
