This indicator creates a MACD based on Arnaud Legoux Moving Averages (ALMA). I prefer this implementation over the standard MACD based on exponential moving averages as it filters out most of the minor price fluctuations that lead to false signals.
To learn more check out our other posts about the Arnaud Legoux Moving Average:
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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.