Moving Average Convergence Divergence – MACD The most popular indicator used in technical analysis , the moving average convergence divergence ( MACD ), created by Gerald Appel. MACD is a trend-following momentum indicator , designed to reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price Historical...
Hello All, This the script for Moving Average Convergence Divergence – MACD of Thomas Aspray, and called as MACD-AS and you may get earlier signals than MACD. As MACD and MACD-AS are trend following indicators, they do not function well in sideway markets. An example how it gets earlier signals than MACD Good luck!
MACDAS script by KIVANCfr3762, i added Plots and Alerts original script
THOMAS ASPRAY'S MACD by KIVANC @fr3762 on twitter drive.google.com This indicator is simply based on MACD HISTOGRAM'S 9 period EMA signal line MACDAS = MACD HISTOGRAM= MACD - SIGNAL LINE of MACD MACDAS SIGNAL LINE = 9 Period EMA of MACD Note: Macd is originally calculated by using SMA but in this version both MACD and MACDAS and their signal lines are...