Hello All, This the script for Moving Average Convergence Divergence – MACD of Thomas Aspray, and called as MACD-AS and you may get earlier signals than MACD. As MACD and MACD-AS are trend following indicators, they do not function well in sideway markets. An example how it gets earlier signals than MACD Good luck!
Its an MACD indicator which highlights places where macd and signal line cross and hidden divergence ocures. Logic behind it is to check if we have hidden divergence when crossing of that two lines and if above EMA200 (signal for BUY - green) or if below EMA200 (signal for SELL - red). You can change lenght of EMA but i think 200 is a simpliest trend indicator.
The main oscillator (orange/blue) histogram is the RCV-MACRS (Relative Candle Volatility driven MACD modulated RSI) -- basically a sensitive indicator of volatility trends. The yellow/lavender colored oscillator is a proprietary asymmetric differential oscillator (ADO) which is modulated by the main oscillator. When this (thinner line) secondary oscillator is >...
This is the open-source stripped down version of the full-featured RSI-MACD indicator (MACRS), with the ADO and the option to filter out weekend price action removed. The main oscillator is the RSI modulated by the MACD (default). The RSI mode can be disabled to revert to a normal MACD oscillator for the main oscillator. When the main oscillator (thicker line)...
This is non-repainting multi time frame MACD script. You can choose HTF manually or HTF is calculated automatically if HTF Mode is "Auto" that is default.