Inspired by existing MACDs on PRC or TW, this indicator is a “Reloaded” evolution of the MACD in which all parameters are adjustable.
The indicator is shared with the settings that seem to perform best, but which can be extensively modified.
EMAshort1 = Average[short1,mmshort1](close)
EMAshort2 = Average[short2,mmshort2](EMAshort1)
DifferenceShort = EMAshort1 - EMAshort2
ReloadedShort = EMAshort1 + DifferenceShort
EMAlong1 = Average[long1,mmlong1](close)
EMAlong2 = Average[long2,mmlong2](EMAlong1)
DifferenceLong = EMAlong1 - EMAlong2
ReloadedLong = EMAlong1 + DifferenceLong
ReloadedMACD = ReloadedShort - ReloadedLong
if signalMACD>=ReloadedMACD then
if reloadedMACD crosses over signalMACD or reloadedMACD crosses under signalMACD then
RETURN ReloadedMACD coloured(54,224,208) style(dottedline,1 ) as "Reloaded MACD", SignalMACD coloured(255,69,0) style(line,2) as "Signal MACD", 0 coloured(100,100,100) as "zero line"
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