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.

snapshot
Moving Average Convergence / Divergence (MACD)slope

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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