OPEN-SOURCE SCRIPT
MACD 1D Slow + 4H by mattzab
1D MACD, with slightly slower values for a little less noise.
Instead of the 12, 26, 9, this shows the 13, 34, 9.
Instead of showing a histogram, it uses area and color-codes the area blue and red based on directional movement.
Overlaid is a black histogram line showing the 4H MACD, produced by values of 6, 13, 5.
Instead of the 12, 26, 9, this shows the 13, 34, 9.
Instead of showing a histogram, it uses area and color-codes the area blue and red based on directional movement.
Overlaid is a black histogram line showing the 4H MACD, produced by values of 6, 13, 5.
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.