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
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.