OPEN-SOURCE SCRIPT
SMACD
Graphs slope of ohlc4 MACD
When it =0, trend change
play with slow&fast lengths as well as the length used to calculate the slope.
-in progress(?)
Vertical lines in the image are as close as I could get them to SMACD=0.
When it =0, trend change
play with slow&fast lengths as well as the length used to calculate the slope.
-in progress(?)
Vertical lines in the image are as close as I could get them to SMACD=0.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.