PROTECTED SOURCE SCRIPT
Updated CompoundMACD
CompoundMACD is a study that modifies the basic MACD to use four moving averages.
The fast line of the MACD (red line) is calculated from a fast (alpha) and slow (beta) double EMA.
The slow line of the MACD (blue line) is calculated from a fast (alpha) and slow (beta) smooth moving average (SMA).
The delta (green line) is calculated from the fast and slow lines of the MACD.
Buy signals occur when the candlestick is below momentum and the fast and slow lines crossover each other while under the delta. These are marked by triangles at the bottom pointing up. A BUY ASSET alert is also provided.
Sell signals occur when the candlestick is above momentum and the fast and slow lines crossunder each other while above the delta. These are marked by triangles at the top pointing down. A SELL ASSET alert is also provided.
User configurable setting:
Momentum
MACD fast line: Fast (Alpha) DEMA, Slow (Beta) DEMA
MACD slow line: Fast (Alpha) SMA, Slow (Beta) SMA
MACD Smoothing
The fast line of the MACD (red line) is calculated from a fast (alpha) and slow (beta) double EMA.
The slow line of the MACD (blue line) is calculated from a fast (alpha) and slow (beta) smooth moving average (SMA).
The delta (green line) is calculated from the fast and slow lines of the MACD.
Buy signals occur when the candlestick is below momentum and the fast and slow lines crossover each other while under the delta. These are marked by triangles at the bottom pointing up. A BUY ASSET alert is also provided.
Sell signals occur when the candlestick is above momentum and the fast and slow lines crossunder each other while above the delta. These are marked by triangles at the top pointing down. A SELL ASSET alert is also provided.
User configurable setting:
Momentum
MACD fast line: Fast (Alpha) DEMA, Slow (Beta) DEMA
MACD slow line: Fast (Alpha) SMA, Slow (Beta) SMA
MACD Smoothing
Release Notes
Bug fix in momentum functionality... Added a few more bells.Release Notes
Updated to version 5Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Join my Patreon for exclusive access to Jackrabbit TV,
patreon.com/RD3277
patreon.com/RD3277
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.