This is to directly target when MACD crosses the Signal line. The purpose of this script is to target a +/- change of 3 in the MACD value after the most recent cross. It uses the value of the MACD line and holds it until a value of 3.00 + or - a crossover or crossunder happens. That's the significance of the red and green circles that appear on the chart. This is...
Introduction The Median Convergence Divergence (MCD) is a derivative of the Moving Average Convergence Divergence (MACD). The difference is the change in the use of the measure of central tendency. In MACD, moving average (mean) is used, whereas, in MCD, the median is used instead. The purpose of using the median is to eliminate the outlying values, which would...
Helloooo traders I wondered once if a MACD was based on an EMA/EMA/SMA or SMA/SMA/EMA (or WHATEVA/WHATEVA/WHATEVA). Seems they're so many alternatives out there. I decided to empower my audience more by choosing the type of moving averages you want for your MACD. More options doesn't always mean better performance - but who knows - some might find a config that...