OPEN-SOURCE SCRIPT
CryptoCoyns MACDS [v2018-12-10]
CryptoCoyns MACDS
This indicator implements a standard Moving Average Convergance / Divergance
that works on any chart timeframe. It shows the strength of the current trend.
MACD Crosses are highlighted with yellow circles to make them more obvious.
Strength is indicated by histogram colours moving from Red (weak) through to Light Green (strong):
Red indicates a strong down trend
Yellow indicates a positive change is coming and moving out of a downtrend.
Green indicates a weakening upward trend moving towards a change to a downward trend.
Light Green indicates a strong upward trend
All colours are fully configurable.
If you get some value out of this indicator please consider making
a small donation to my favourite charity the Save the Children's Fund.
Every donation will make a difference to the lives of children.
All donations over $2 are tax deductible. You can donate here:
https://savethechildrenfundraising.org.au/cryptocoyn
Copyright (c) 2018, Grant Cause aka CryptoCoyns
This indicator implements a standard Moving Average Convergance / Divergance
that works on any chart timeframe. It shows the strength of the current trend.
MACD Crosses are highlighted with yellow circles to make them more obvious.
Strength is indicated by histogram colours moving from Red (weak) through to Light Green (strong):
Red indicates a strong down trend
Yellow indicates a positive change is coming and moving out of a downtrend.
Green indicates a weakening upward trend moving towards a change to a downward trend.
Light Green indicates a strong upward trend
All colours are fully configurable.
If you get some value out of this indicator please consider making
a small donation to my favourite charity the Save the Children's Fund.
Every donation will make a difference to the lives of children.
All donations over $2 are tax deductible. You can donate here:
https://savethechildrenfundraising.org.au/cryptocoyn
Copyright (c) 2018, Grant Cause aka CryptoCoyns
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.
Want to use this script on a chart?
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.