S2BU2 MACD Growthpercentages
This indicator is a twist on the macd indicator. It shows the change in delta between signal- and macd-line as a contra-indicator wether or not the current trend as shown by the original macd indicator is actually gaining strength or not.
This indicator is part of a different work in progress and was published seperately as a proof of concept. You may use it in conjunction with the original macd.
strengthening bars in macd during weakening bars in MC% show the end (or plateau) of the actual trend.
weakening bars in macd with strenghening mars in MC% shows a momentum towards the downside quite a while bevor a crossover in macd actually happens.
Feel free to come to your own conclusions which relations determine what outcomes. If it is interesting feel free to share your findings with me :D
@PS-Mods: don't make it hard to contribute pls.
This indicator is part of a different work in progress and was published seperately as a proof of concept. You may use it in conjunction with the original macd.
strengthening bars in macd during weakening bars in MC% show the end (or plateau) of the actual trend.
weakening bars in macd with strenghening mars in MC% shows a momentum towards the downside quite a while bevor a crossover in macd actually happens.
Feel free to come to your own conclusions which relations determine what outcomes. If it is interesting feel free to share your findings with me :D
@PS-Mods: don't make it hard to contribute pls.
Release Notes:
Styles and explicit variable declaration