OPEN-SOURCE SCRIPT
Micro MACD

Micro version of the MACD
Positioning
ATR - uses ATR to position indicator 1.5x above high of the Nth bar (needs improvement)
Absolute - allows you to specify the zero line position using price on the chart.
Positioning
ATR - uses ATR to position indicator 1.5x above high of the Nth bar (needs improvement)
Absolute - allows you to specify the zero line position using price on the chart.
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.