OPEN-SOURCE SCRIPT
Log-space MACD
Updated
This indicator is identical to regular MACD indicator except it is calculated in log space, which is useful for looking at long-term trends.
Release Notes
add optional buy/sell signalsRelease Notes
update example chartRelease Notes
update example chart againRelease Notes
use ratios instead of hard offsets when plotting signalsRelease Notes
Improve EMA degradation qualities in the beginning of the chart and add optional Ehlers Super Smoother filterRelease Notes
add a commentRelease Notes
drop 1st candle for stability in the beginningRelease Notes
change indicator colors, update chartRelease Notes
update colors to make this script more usable in dark modeRelease Notes
update study titleOpen-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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