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OPEN-SOURCE SCRIPT

MACD Diff Signal

By ssender
Updated
When the MACD Absolute Histogram is above a threshold (set by nth lowest absolute histogram value in the rolling window) the indicator produces the MACD Histogram level, otherwise it produces 0. This Indicator is good for identifying bullish or bearish momentum.
Release Notes
When the MACD Absolute Histogram is above a threshold (set by nth lowest absolute histogram value in the rolling window) the indicator produces the MACD Histogram level, otherwise it produces 0. This Indicator is good for identifying bullish or bearish momentum.
Moving Average Convergence / Divergence (MACD)

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.

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