OPEN-SOURCE SCRIPT
Moving Average Convergence Divergence
A MACD with option for logarithmic or regular scale.
This indicator presents bullish or bearish 'flags' based on the most recent signal cross and asset price divergence. If the price moves up and the macd continues trending down, a bearish divergence is flagged. if the price moves down and the macd continues moving up, a bullish divergence is flagged.
This indicator presents bullish or bearish 'flags' based on the most recent signal cross and asset price divergence. If the price moves up and the macd continues trending down, a bearish divergence is flagged. if the price moves down and the macd continues moving up, a bullish divergence is flagged.
Script open-source
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 publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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