This indicator calculates and displays the cumulative area for each region above and below the zero line in the MACD histogram. This area measurement serves as a momentum metric, where larger cumulative areas indicate stronger momentum. Divergences between the area and price can also potentially indicate an impending reversal. For example, when the stock price makes a higher high but the area makes a lower high, the current momentum may be unsustainable.
Release Notes
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Added support for displaying area values via labels.
@tiaotiao1834, Hi, this is a public indicator, so you just need to click on the "Indicator" button on the top of your main chart, search for "macd area" and add this indicator.
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Bro So I'm a scalper on 10 minute and I really feel like you got something here with The momentum metric!! keep up the good work!