Modified MACD without histogram, using SMA instead of EMA and a higher and lower band to make it easy to compare the current momentum push to the last momentum push.
This way of looking at MACD is taught by TRI
MACD indicator to help identify structure by plotting the line
made changes on the 3x EMA of AREAY to suit the TD's vegas wave since free trading view only allows limited indicators.
Based on the usual Elliot Wave Oscillator but divided by price so it scales with history better, added the 4 colours and a signal line.
This script combines LazyBear's RSI Bands with JayRoger's Bollinger Heat Bands, to give an on chart representation of the price needed to set RSI to each major level, from 20 to 80 (higher values created massive bands).
Forex currency strength indicator for the EUR/USD pair
It passes the Rate of Change data through a Butterworth filter which creates a smooth line that can allow for easier detection of slope changes in the data over various periods of times. The butterworth filter line and the rate of change are plotted together by default. The values for the lengths, for both the butterworth filter and the raw ROC data, can be...
One simple indicator for volatility, divergence and relative momentum Features: - Normalized MACD (by slow MA) - Candle MACD (fast MA length is set to 0 in candle mode, i.e. price minus slow MA) - Multi color histogram - Background coloring based on MACD direction - Choice of different MA types (Exponential, Simple, Weighted, Smoothed, Triple EMA) - Triple EMA...
It is a script based on changes in trend of EMAs. You can copy it, modify it to your liking and maybe even buy a lambo. Try it and if you can think of how to improve it please comment. Enjoy!!!
Macd modified to achieve a clear visualization and adjustments with Spanish translation. signal line crossing plus the macd produces a circle which ns 1.60% clearly identifies the operation that would be sought fast :8 slow :18
Oscillator Package used for nMike's trading system. Note: this is still in development, so use at your own discretion.
At default settings, this indicator is identical to the built-in MACD. Features: - multi-color histogram - background color change when MACD tops or bottoms - additional smoothing using Triple EMA Recommended settings: - Triple EMA length 10 seem to be a good trade-off between smoothness and responsiveness
This is a more advanced version of the standard moving average convergence/divergence indicator (MACD). It allows you to change the type of all moving averages (Simple, Exponential, Weighted, Volume-weighted, Triple EMA or a moving average that uses RSI). By for example setting the period to 3/10/16 and use simple moving averages instead of exponential moving...