OPEN-SOURCE SCRIPT
PhiMACD
Here is a modified moving average which uses phi as the scaling interval between moving average periods. Each MACD line is derived by determining EMAs for 8 period frames, each of which is related to the other proportionally by phi, and calculating each line by comparing it against its immediate predecessor. Actual period values are 9 15 24 39 63 102 165 and 267
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.