OPEN-SOURCE SCRIPT
Koby's 3 average MACD indicator
Updated
This MACD is averaging 3 different MACD; KAMA MACD, ZLEMA MACD, and normal MACD.
Can find easier MACD's divergence and convergence than normal MACD.
And more smoothly drawing than ZLEMA MACD (KZ_MACD) which is I've made before.
Can find easier MACD's divergence and convergence than normal MACD.
And more smoothly drawing than ZLEMA MACD (KZ_MACD) which is I've made before.
Release Notes
Add a long term macd.Release Notes
Add text. Crossover 0, and cross under 0 message.Release Notes
Changed signal line to zero lag EMA base, and cross signal text.You can select signal line; zero lag EMA or normal EMA.
Default is zero lag EMA signal.
Release Notes
Change default transparency.Release Notes
Can select KAMA MACD. And changed histogram style.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 publication is governed by House rules. You can favorite it to use it on a chart.
Koby
Disclaimer
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