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.
Have fun!
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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 signal1=ExponentialAverage[signal](RELOADEDMACD) signal2=ExponentialAverage[signal](signal1) DIFFERENCE2=signal1-signal2 SignalMACD=signal1+DIFFERENCE2 if signalMACD>=ReloadedMACD then r=255 g=69 b=0 else r=54 g=224 b=208 endif DRAWCANDLE(signalMACD,reloadedMACD,signalMACD,reloadedMACD) coloured(r,g,b) if reloadedMACD crosses over signalMACD or reloadedMACD crosses under signalMACD then drawtext("●",barindex,signalMACD,Dialog,Bold,12) coloured(r,g,b) endif 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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