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bluesky509

MACD Scaled

bluesky509 Updated   
Moving Average Convergence / Divergence (MACD)
235
10
macd
MACD scaled and re-centered for 0-100 range (user adjustable)
+ Leader
+ Stochastic RSI

Details: A simple MACD re-centered to 50 lines rather than 0 line. Also added MACD Leader and Stochastic RSI to show possible usefulness of re-scaling the MACD.

NOTE: Due to nature of MACD, could not get the lines cannot be contained within top/bottom borders without excess distortion.

Credit to lazybear for leader formula.
Release Notes:
Color fix
Release Notes:
Code fix for ALMA
Release Notes:
VWMA added and misc cosmetic changes. Last one for a while. Suggestions welcomed.
Release Notes:
*Added: RSI
*Added: Signal
Release Notes:
pinescript v5
Release Notes:
Code cleanup
Release Notes:
  • Removed minimum values. Can not do 3 10 16 settings (Raschke)
  • Added % normalization option
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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