OPEN-SOURCE SCRIPT
Arnaud Legoux MACD (ALMA, 4 Color, Color-blind Friendly)
MACD built out of two Arnaud Legoux Moving Average lines of different periods. The signal line is still an EMA of the MACD line, just like with the normal MACD.
Colors are picked to be friendly with partial colorblindness, and can be modified in the indicator settings.
Colors are picked to be friendly with partial colorblindness, and can be modified in the indicator settings.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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