ANNAM MACD mixed indicator [PlungerMen]

this version of the MACD indicator is 'trawling' (checking) if the MACD histogram and the zero line crossing with the MACD line are both positive or negative. The idea behind this is to show areas with higher or lower risk.

Features:
1. Enable the bar color
2. Enable the background color
3. Change zero line value

"The MACD-Histogram is an indicator of an indicator. In fact, MACD is also an indicator of an indicator. This means that the MACD-Histogram is the fourth derivative of price."

First derivative: 12-day EMA and 26-day EMA
Second derivative: MACD (12-day EMA less the 26-day EMA )
Third derivative: MACD signal line (9-day EMA of MACD )
Fourth derivative: MACD-Histogram ( MACD less MACD signal line)

Release Notes

update MacD Ult MTF

Release Notes

Update plot name

Release Notes

update Alert when macd crossunder value -2 and crossabove value +2

Release Notes

Update histogram EWO

Release Notes

update sma2length 35 to 34

Release Notes

Update color histogram EWO 2 to 4

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

luongson107

Disclaimer

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Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

luongson107