Moving Average Convergence/Divergence Line

MACD Line instead of MACD histogram or area. This gives more opportunities to catch divergences.

I showed regular MACD Histogram on top and then this indicator on bottom and showed with the red and green lines where you could catch multiple bearish and bullish divergences using this indicator vs a regular MACD histogram.

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Thank you.

Release Notes

Added colors
Green if histo is positive
Red if histo is negative

Each time the color changes, that is a MACD cross accuring.
So if it changes to green, a bullish MACD cross just happened.
If it it changes to red, a mearish MACD cross just happened

Release Notes

Made the green a darker green so light themes/white backgrounds could see it better

Release Notes

I changed the colors so that they would be visible no matter what background or color theme you use. :D

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

That25RGuy

Disclaimer

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Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

That25RGuy