MACD Plugin

zcsoka
Posts: 298
Joined: Thu Dec 19, 2019 7:50 pm
Has thanked: 2 times
Been thanked: 28 times

MACD Plugin

Post by zcsoka » Mon Jun 03, 2024 8:10 pm

MACD (Moving Average Convergence Divergence Indicator)

Please find it on the Marketplace

The indicator is an implementation of Gerald Appel's MACD from the 1970s. 

The indicator shows the convergence and divergence of a short and a long term EMA (Exponential Moving Average). The indicator also features a Signal line, which is an EMA of the MACD itself and a histogram, which displays the difference of the MACD and the Signal line in bar histogram form.

MACD1.png
MACD1.png (908.92 KiB) Viewed 701 times
MACD2.png
MACD2.png (170.12 KiB) Viewed 701 times

The Configuration

MACD_Config.png
MACD_Config.png (190.04 KiB) Viewed 701 times

Bar Interval: The time interval for the EMA calculations (1, 2,5, 10, 30 seconds, 1, 5, 15 minutes)
MACD Long period: Long EMA period for the MACD (round number)
MACD Short period: Short EMA period for the MACD (round number)
Signal period: EMA period for the Signal line (round number)
Line type: Line type for all lines (solid, short dash, long dash, dot, dot-dash)
Line width: Line width for all lines
Colors: Color configuration for all indicator components.