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Centered Oscillators

RSI + MACDRSI and MACD in one simplified indicator. Why? Because : 1. Save chart space, declutter, make decision making better, faster 2. MACD is not scaled to RSI range, now it is so you can have side by side comparison Example how to use: Enter on RSI oversold or overbought level, then exit on MACD crossover See if there is an extra confluence to enter, hold or exit your trades, i.e oversold and falling macd is better than oversold and rising macd for short trades potentially.
Pine Script™ indicator
by FloppyDisque
5
Squeeze M + ADX + TTM (Trading Latino & John Carter) by [Rolgui]About this indicator: This indicator aims to combine two good performing strategies, which can be used separately or together, mainly for investment positions, although it can also be used for intraday trading. Strategy 1) Squeeze Oscillator and Average Directional Index: This strategy is taught by Jaime Aibsai, which determines market entries based on reading the direction of the price movement (Directionality of the Oscillator) along with the strength of the Oscillator (Slope of the ADX). Both tools are configured according to Jaime Abisai's strategy, by default (note that point 23 of the ADX is represented by point 0 on the panel, to make reading easier, its interpretation is not affected). Anyway you can adjust the input data according to your interest. *You can see this setting in the first panel. Strategy 2) Squeeze Momentum and Trade The Market Waves: This strategy can be consulted either in John F. Carter's books or on his website. This market reading is based on Price Volatility (Bollinger Bands and Keltner Channels interaction) and its Trend (Exponential Moving Averages), showing entries at times when price volatility is low and taking filtering active trend using T.T.M. Waves. To configure the indicator in the same way that Carter does, it would be enough to turn off the ADX, turn on the Squeeze Momentum signals along with the T.T.M. Waves, and importantly, change the Linear Momentum value to 12 (this configuration can be found in his book). *You can see this setting in the second panel. Why this indicator? I've added and removed the above flags as I needed to query them (which became tedious for me). The main objective of having merged them into one is to make their reading more agile and comfortable and thus improve the decision-making capacity of the trader who wishes to use them. Credits and Acknowledgments: I would like to give credits to other authors, for the sections of code that I have used to make this technical indicator. Thanks to @LazyBear, @matetaronna, @jombie and @joren for contributing to the community and keeping their code open. It is priceless! Feel free to combine and practice your trading with both strategies, personally, they improved my profitability and this is why I recommend researching more about them. I've been using it for crypto investing, let me know if it's worth for you on stock market! If you have any questions or suggestions you can leave it in the comments! Greetings!
Pine Script™ indicator
by rolgui
14
Heikin Ashi CountObjective: This indicator aims to obtain an oscillator indicating the trend of a market by minimizing noise through the use of Heikin Ashi candles. The idea is to make the oscillator tend towards 100 at each bullish Heikin Ashi candle, and inversely towards 0 when bearish. The advantage is that this indicator has little noise compared to the RSI, but also little lag compared to the Schaff Trend Cycle, which are the two indicators that inspired me to create this one. Usage: As a general rule, below 15, HA Count indicates an oversell and above 85 an overbuy. Setting the length for the candle count results in an indicator that is less sensitive when close to 1 and more sensitive when it is at 2 or higher. Chosen as the default value, 1.15 seems to give the best indications, regardless of the market or time period. Also it looks very similar to the values that the RSI could give set over 14 periods, so it can be used in the same way. Especially with regard to divergences. ---- FR ---- Objectif : Cet indicateur vise à obtenir un oscillateur indicant la tendance d'un marché en minimisant le bruit grace à l'utilisation des bougies Heikin Ashi. L'idée est de faire tendre l'oscillateur vers 100 à chaque bougie Heikin Ashi haussière, et inversement vers 0 lorsque baissière. L'avantage est que cet indicateur a peu de bruit comparé au RSI, mais peu de lag aussi comparé au Schaff Trend Cycle, qui sont les deux indicateurs qui m'ont inspiré pour la création de celui-ci. Utilisation : En régle général, en dessous de 15 HA Count indique une sur-vente et au-dessus de 85 un sur-achat. Le paramétrage de la longueur pour le comptage de bougie permet d'obtenir un indicateur moins sensible lorsque proche de 1 et plus sensible lorsqu'il est à 2 ou supérieur. Choisie comme valeur par défaut, 1.15 semble donner les meilleures indications, peu importe le marché ou la période de temps. En outre cela ressemble beaucoup aux valeurs que pourrait donner le RSI régler sur 14 périodes, ainsi il peut être utilisé de la même manière. Notamment pour ce qui est des divergences.
Pine Script™ indicator
by Julien-PH
1
MACD of Aggregated Buy/Sell Pressure - InFinitoModified & Updated script from MARKET VOLUME by Ricardo M Arjona @XeL_Arjona that Includes Aggregated Volume Aggregation code originally from Crypt0rus ***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually*** ***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol*** - Calculated based on Aggregated Volume instead of by symbol volume . Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ). - As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC . In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. Buy to Sell Convergence / Divergence by @XeL_Arjona: "It's a simple adaptation of the popular "Price Percentage Oscillator" or MACD but taking Buying Pressure against Selling Pressure Averages, so given a Positive oscillator reading (>0) represents Bullish dominant Trend and a Negative reading (<0) a Bearish dominant Trend. Histogram is the diff between RAW Volume Pressures Convergence/Divergence minus Normalized ones (Signal) which helps as a confirmatory." Things to look for: - Divergences: This indicator can very useful to spot tops and bottoms through divergences
Pine Script™ indicator
by In_Finito_
1
jma + dwma macdThis MACD system was originally conceptualized by Jurik Research and made public to the world on their website . The indicator consists of the faster Jurik Moving Average ( JMA ) and the slower Double Weighted Moving Average (DWMA). A long signal (green dot at the bottom) is shown when the JMA line crosses above the DWMA line (indicating a possible reversal in trend). A short signal (red dot at the top) is shown when the JMA line crosses below the DWMA line. Take profit signals (tan dot at the top/bottom) are shown when the JMA line reverses directions. Alerts for signals are included in this indicator. The default settings are not optimized for any timeframe. For an overlay version of this script, please see the following: Credit to @everget for the re-creation of the Jurik Moving Average in pinescript.
Pine Script™ indicator
by multigrain
1
Momentum 2.0 [AstrideUnicorn]Momentum 2.0 is a normalized Momentum oscillator with a moving base-level. The oscillator value is normalized by its standard deviation, similar to the z-score technique. Instead of the zero level, the indicator uses the base-level calculated as the inverted long-term average value of the oscillator. Similar to the zero-level crossing signal used for the Momentum oscillator, our oscillator calculates the base level crossing signal. The moving base-level helps to reduce the number of false signals. In an uptrend the base-level is below zero, in a downtrend it is above it. This allows us to take into account the trend stability effect. In this case, to form a reversal signal, the oscillator must cross a lower value in an uptrend and a higher value in a downtrend. HOW TO USE When the oscillator crosses above the base-level, it gives a bullish signal, when below it gives a bearish signal. The signals are displayed as green and red labels, respectively. The color of the histogram shows the current direction of the price momentum. Green indicates an upward move and red indicates a downward move. The blue line represents the base-level. SETTINGS Oscillator Period - determines the period of the Momentum oscillator Base Level Period - determines the period used for long-term averaging when calculating the base-level and normalizing the oscillator
Pine Script™ indicator
by AstrideUnicorn
12
RSI and BBand simultaneously OverSoldENG : This indicator is created by combining the standard period RSI indicator with an Oversold limit of 32, an Overbought limit of 70 and a period of 14 (these values can be changed optionally from the entries and still tabs of the indicator settings) and the Bollinger Band. indicator with a standard deviation of 2 and a period of 20. Also, the RSI Oversold is an upward green triangle where the price simultaneously falls below the BB and the lower limit (Low) (i.e. below 32), where the RSI Overbought (i.e. above 70) at the same time the price rises above the BB and the upper limit (Upper) is a downward red triangle. is indicated by a triangle. An alarm condition is established on these conditions. Source codes are posted visually and written in clear language and with explanations for beginners to learn to pine. TR : Bu gösterge OverSold sınırı 32, OverBought sınırı 70 ve periodu 14 olan (bu değerler tercihe göre indikatör ayarlarının girdiler ve still sekmelerinden değiştirilebilir) standart periodluk RSI göstergesi ile standart sapma değeri 2, periodu 20 olan Bollinger Bandı göstergesinin birleştirilmesiyle oluşturulmuş olup ilaveten RSI'nin OverSold iken (yani 32 altına düştüğü) aynı anda fiyatın BBand alt sınırı (Lower) altına düştüğü yerleri yukarı yönlü yeşil üçgenle, RSI'nin OverBought iken (yani 70 üstüne çıktığı) aynı anda fiyatın BBand üst sınırı (Upper) üstüne çıktığı yerleri aşağı yönlü kırmızı üçgenle belirtmektedir. Bu şartlar üzerine de alarm kondüsyonu oluşturulmuştur. Kaynak kodları görünür olarak yayınlanmış olup, pine öğrenmeye yeni başlayanlar için anlaşılır dilde ve açıklamalar eklenerek yazılmıştır.
Pine Script™ indicator
by kaptankirk
7
ESTOCÁSTICO + NORMALIZED MACD=== INTRO === This is a 2 in 1 indicator, STOCHASTIC + NORMALIZED MACD. I release this script as public because both stochastic and normalized macd are public, so I cannot find any reason to post it as private :) === USAGE === You can use any of the indicators by itself as usual, stochastic as a oversold/overbought indicator as a momentum/trend indicator. Usually, crossovers are used for LONG/SHORT entries. I added dots for crossovers as well as background colors to show movement direction when both indicators agree: green = bullish, red = bearish and orange = range/consolidation. === SETTINGS === Default settings for both indicators have been changed (but they're of course configurable), to make them work better together. You can also change NMACD moving average time to SMA or WMA instead of SMA, SMA is really slow for me but give it a try, WMA is more aggressive. === RECOMMENDATIONS === Always look for higher timeframes, for example, if you're trading 1h, don't try to catch a 1H "ALL GREEN" LONG while 4H is "ALL RED" because otherwise you're just "trying" to catch a bounce in the 1H chart that could never happen, always trade with the main trend. Try to catch both crossovers in the opposite area, ex: try to LONG when both indicators are below 50 and SHORT above. I did not test divergences on this indicator, as the MACD is normalized i prefer to use a standard MACD for that, but you can use the stochastic for sure.
Pine Script™ indicator
by JoseMetal
8
TFEX_INDICATOR_SET13This Indicator use the calculated RSI of the top 13 stocks that have the highest market capitalization in SET:SET50 where suitable for TFEX trading( TFEX:S501! ) . Conducted with 2 RSI period as follow: RSI Main (14) RSI Average (100) How to use: 1) Use this Indicator by Crossover If the RSI Main Cross UP the RSI Average can assume as BUY SIGNAL If the RSI Main Cross DOWN the RSI Average can assume as SELL SIGNAL 2) Use this Indicator by Divergence of RSI Main If the RSI Main got any Regular Bullish or Hidden Bullish can assume as BUY SIGNAL If the RSI Main got any Regular Bearish or Hidden Bearish can assume as SELL SIGNAL 3) The combination of Divergence and Crossover If the RSI Main got any Regular Bullish or Hidden Bullish then pending for the RSI Main Cross UP the RSI Average which can assume as BUY SIGNAL If the RSI Main got any Regular Bearish or Hidden Bearish then pending for the RSI Main Cross DOWN the RSI Average which can assume as SELL SIGNAL Preferred Timeframe 4H 2H 1H
Pine Script™ indicator
by liewlomb
Bogdan Ciocoiu - Code runnerDescription The Code Runner is a hybrid indicator that leverages other pre-configured, integrated open-source algorithms to help traders spot regular and continuation divergences. The Code Runner specialises in integrating some of the most popular oscillators well known for their accuracy when scalping using divergence strategies. Uniqueness The Code Runner stands out as a one-stop-shop pack of oscillator algorithms that traders can further customise to spot divergences. The indicator's uniqueness stands from its capability to recast each algorithm to apply to the same scale. This feature is achieved by manually adjusting the outputs of each algorithm to fit on a scale between +100 and -100. Another benefit of the Code Runner comes from its standardisation of outputs, mainly consisting of lines. Showing lines enables traders to draw potential regular and continuation divergences quickly. The indicator has been pre-configured to support scalping at 1-5 minutes. Open-source The Code Runner uses the following open-source scripts and algorithms: www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com These algorithms are available in the public domain either in TradingView space or outside (given their popularity in the financial markets industry).
Pine Script™ indicator
by BogdanCiocoiu
Combo 2/20 EMA & ADXR This is combo strategies for get a cumulative signal. First strategy This indicator plots 2/20 exponential moving average. For the Mov Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met. Second strategy The Average Directional Movement Index Rating (ADXR) measures the strength of the Average Directional Movement Index (ADX). It's calculated by taking the average of the current ADX and the ADX from one time period before (time periods can vary, but the most typical period used is 14 days). Like the ADX, the ADXR ranges from values of 0 to 100 and reflects strengthening and weakening trends. However, because it represents an average of ADX, values don't fluctuate as dramatically and some analysts believe the indicator helps better display trends in volatile markets. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script™ strategy
by HPotter
1
ADA Gravity OscillatorThis indicator is a deviation of a Center of Gravity Oscillator corrected for the diminishing returns of Cardano (ADA). I've set up this indicator for it to be used on the weekly timeframe . The indicator oscillates between 0 and 10, where 0 indicates oversold conditions and 10 indicates overbought conditions. The indicator plots in any ADAUSD chart. It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.
Pine Script™ indicator
by nickolassteel
Indicator Direction Table With Bullish & Bearish LabelsINDICATOR DIRECTION TABLE WITH BULLISH AND BEARISH LABELS This is a table that shows the bullish, bearish or neutral trend for nine different popular indicators. Each indicator label will change color in real time to make you aware of each change in direction. This way you don’t have to read and analyze a bunch of different indicators constantly and you can focus on price action instead. Look for the entire table to turn green or red before taking positions. You can also set alerts for when the entire table of indicators is bullish or bearish. The indicator settings allow customization of indicator lengths & values, table position and turning the indicator table on or off. The length and other values for each indicator can be customized to suit your preferences, but by default all of them are set to the normal default settings that Tradingview supplies the indicators with. Typically 14 as the length. The indicators used in this table are as follows: MACD - Moving Average Convergence Divergence Stochastic RSI - Stochastic Relative Strength Index Vortex - Vortex Indicator Momentum - Momentum Indicator RSI - Relative Strength Index PSAR - Parabolic Stop & Reverse DMI - Directional Movement Index MFI - Money Flow Index Fisher - Fisher Transform Price Action ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This indicator table can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index + Fisher Price Action, Volume Profile With Buy & Sell Pressure, Auto Support And Resistance and Money Flow Index in combination with this indicator direction table. They all have unique features to help you make better and faster trading decisions.
Pine Script™ indicator
by FriendOfTheTrend
16
[Mad] Volume DeltaThis is a volume indicator that splits purchases and sales into 2 separate columns. In addition, I added some POW factors to scale the volume to a more compact or expanded picture. The SMA draws the red line indicating the volume of purchases and sales, also with POW factor customizable, so it is possible to scale it within the volume bars what to do with this information: it is very easy to find rotation points when the selling volume and the buying volume are equal, this is where possible rotation phases occur have fun
Pine Script™ indicator
by djmad
10
Bogdan Ciocoiu - MoonshotDescription Moonshot is an indicator that encapsulates the value delivered by the TSI, MACD, Awesome Oscillator and CCI algorithms to produce signals to enable users to enter positions in ideal market conditions. Moonshot integrates the value delivered by the above four algorithms into one script. This indicator is particularly useful when trading continuation/reversal divergence strategies. Uniqueness The Moonshot's uniqueness stands from integrating the above algorithms into the same visual area and leveraging preconfigured parameters suitable for 1-3 minute scalping techniques. In addition, Moonshot allows swapping or furthermore configuring the above four algorithms in such a way to align signals by colour-coding or shape thickness to aid the users with identifying any emerging patterns quicker. Furthermore, Moonshot's uniqueness is also reflected in the way it has standardised the outputs of each algorithm to look and feel the same (including the scale at which the shapes are shown) and, in doing so, enables users to plug them in/out as needed. Open-source The indicator leverages the following open-source scripts/algorithms: www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com
Pine Script™ indicator
by BogdanCiocoiu
Market Sector Scanner/Screener With MOM + RSI + MFI + DMI + MACDMARKET SECTOR SCANNER/SCREENER MOM + RSI + MFI + DMI + MACD FOR STOCKS CRYPTO & FOREX This script scans 9 markets constantly and returns the values of 5 different popular indicators. This indicator helps you see when one of your favorite stocks is bullish or bearish when you are not watching that chart so you can always catch the big moves as they happen. ***HOW TO USE*** A great way to use this market screener is to set up separate chart layouts for each sector you like to trade. Such as the top 9 stocks in the S & P 500, top 9 stocks in the XLF etf, etc. Make sure to set up separate chart layouts in Tradingview so you don’t have to change the symbols constantly. This will give you a good idea in real time if that entire sector is bullish, bearish or mixed. When the entire grid goes red or green, those are very strong signs of market direction across that entire sector, so trades in the corresponding direction are quite safe. This can be done for crypto as well, using the top 9 cryptocurrencies by market cap. Watch the grid and wait for the entire lot to turn green or red and then take a position in that direction. You can also use this with a variety of your favorite tickers so you can see when specific markets are looking strong in either direction, instead of constantly changing charts or missing good opportunities because you weren’t watching that specific chart. This grid can also be used to determine how long to hold a position as well. If the entire grid is still green or red, according to your trade direction, you can usually expect price to continue in that direction until you see some conflicting colors start to pop up on the grid. As it starts to give mixed signals, you can expect the market to be indecisive or reverse which is a good time to get out. If you have your scanner setup to show similar markets in one sector, be careful taking trades when the grid is very mixed in color. This shows signs of indecision and will likely have choppy price action until the market decides a direction so make sure to use caution when the grid is mixed. It is best to wait for the entire grid to turn green or red and then take position. ***COLOR MEANINGS*** When each indicator value is in bullish territory, the background of that value will turn green. When each indicator value is in bearish territory, the background of that value will turn red. When each indicator value is in neutral territory, the background of that value will turn blue. When all 5 indicators for a ticker are bullish, the ticker background will turn green. When all 5 indicators for a ticker are bearish, the ticker background will turn red. When there is a mixture of bullish and bearish values, the ticker background will turn blue. ***CUSTOMIZATION*** You can customize which tickers are in your scanner including stocks, crypto, futures and forex, the source of the indicators, the length of the indicator settings and the smoothing parameters. ***INDICATORS USED*** The indicators used for each ticker are as follows: Momentum(MOM) - Default length is 14. Bullish is above zero, bearish is below zero. Relative Strength Index(RSI) - Default length is 14. Bullish is above 50, bearish is below 50. Money Flow Index(MFI) - Default length is 14. Bullish is above 50, bearish is below 50. Directional Movement Index(DMI) - Default length is 14 and smoothing is 14. Calculated by subtracting di minus from di plus. If the value is positive, it is bullish. If the value is negative, it is bearish. Moving Average Convergence & Divergence(MACD) - Default settings are 12, 26, 9. If the short line is greater than the long line, then it is bullish. If the short line is less than the long line, it is bearish. ***MARKETS*** This market scanner can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This scanner can be used on all timeframes and pulls data from other tickers using the same timeframe as what your current chart is set to. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are Trend Friend Scalp & Swing Signals, Auto Fibonacci, Directional Movement Index, Volume Profile With Buy/Sell Pressure, Auto Support And Resistance and Money Flow Index in combination with this Scanner. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Pine Script™ indicator
by FriendOfTheTrend
14
MFI + RSI + MOM With Bull & Bear Trend LabelMOMENTUM + MONEY FLOW INDEX + RELATIVE STRENGTH INDEX WITH BULL & BEAR LABELS This is a combination of 3 popular indicators. Momentum(MOM), Money Flow Index(MFI) and Relative Strength Index(RSI) along with color changing labels that tell you each indicator's current trend. The middle white line shows the level that each indicator needs to stay above to be bullish and below for bearish. Watch for all three indicators to cross and hold above or below the mid line for big moves. It is important to note that these indicators do not need to be going up to be bullish or down to be bearish. They just need to hold above or below the mid line to understand the overall trend. The momentum indicator is the most relevant in my opinion. If it is holding above the mid line steadily, usually the overall trend will continue upwards so look to buy the dips if the momentum cloud is staying above the white line and vice versa. It is also important to note that the default settings for this indicator are the 100 period as I find it to be super relevant across most charts but these numbers can be changed in the indicator settings. Since momentum swings wildly past the normal 0-100 range, it is important to note that the momentum line has been “normalized” to stay within this same range as the rsi and mfi. So if you look at a normal momentum indicator side by side with this indicator it will not look the same however, I find it to be a very good indicator of overall direction so I know the current market sentiment even when price is diverging from the indicator directions. All of the colors, sources and lengths can be easily customized in the indicator settings input tab. ***HOW TO USE*** When Momentum is above the mid line, it is bullish. When Momentum is below the mid line, it is bearish. A label on the right side will update in real time to tell you if momentum is Bullish or Bearish for faster recognition of the trend. When RSI is above the mid line, it is bullish. When Momentum is below the mid line it is bearish. A label on the right side will update in real time to tell you if RSI is Bullish or Bearish for faster recognition of the trend. When MFI is above the mid line, it is bullish. When MFI is below the mid line it is bearish. A label on the right side will update in real time to tell you if MFI is Bullish or Bearish for faster recognition of the trend. This indicator was built to help you quickly identify the Bullish or Bearish nature of the current trend with a live color changing label so you can glance at the label and understand it's direction without analyzing the indicator data. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This mom + mfi + rsi indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Pine Script™ indicator
by FriendOfTheTrend
16
L'MACD GUNHi all! I would like to present you my universal MACD module. In addition to the standard functions I have added several improvements: Source Selection. In addition to the standard calculation of the moving average "EMA", in the parameter "MA Type" I have added 52 more methods for calculating the MA! : ADXMA, AHMA, ALF, ALMA, ARI, ARSI, BlackFilter, CTI, DoubleEma, DTA, DWMA, EEO, EHMA, ELA, EMARSI, EREA, HEMA, hma, HWMA, JAMA, KA, KAMA, LSMA, LWMA, McGinley_2, MNMA, PAW, REMA, rma, RMF, RMTA, RWMA, sma, SMMA, SuperSmooth, THMA, TilsonT3, TMA, TRAMA, TripleEma, TSF, VAMA, VAR, VHMA, VIDYA, VVMA, vwma, WCD, wma, WWMA, ZEMA, ZLMA ! Additional histogram and lines from the higher timeframe. With the parameter "Multiple of TF" you can specify on which timeframe the standard histogram should be zoomed. The Zoom function allows increasing or decreasing the size of the histogram. (It does not affect the calculations in any way, it is only used for visualization purposes.) How to use it? I recommend using it as a standard MACD. You can test different types of moving averages thanks to my modules and choose the one you find most suitable. Tips: The script is slightly heavy and may take a little longer to load than usual. All MA types are in alphabetical order and tied to numbers. Next to the "MA Type" parameter there is a hint which method of calculating MA corresponds to the figure. The default is 15. In the hint 15 = EMA. This is the standard method of calculating the MAСD. To select the MA more quickly. You can switch them with the mouse wheel or the arrows on the keyboard. I use the standard parameters prescribed in the script. The code is calibrated for any TF and displays as correctly as possible. Can be used on any type of chart.
Pine Script™ indicator
by HALDRO
2