OPEN-SOURCE SCRIPT
MACD in BANDS
Updated
My idea is to make the MACD histogram oscillating in a range from 0-100 just like the RSI .
I did it successfully, but compared to normal MACD histogram it is too low and hard to see because most values just fluctuate slightly above or below 50. So I'm happy and grateful to anyone who can offer guidance.
Image: tradingview.com/x/kF5Ui9wY
I did it successfully, but compared to normal MACD histogram it is too low and hard to see because most values just fluctuate slightly above or below 50. So I'm happy and grateful to anyone who can offer guidance.
Image: tradingview.com/x/kF5Ui9wY
Release Notes
Complete version. Better display with more options.Release Notes
Only updated the title to avoid confusion with other scripts.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.