A classic MACD with average peak and dip lines. The lighter green and red horizontal lines are the average peak and dip of the entire span, respectively. The second, bolder of the two lines are the averages of the peaks and dips above and below the overall peak and dip averages. The filled in color is to help visualize these averages and possible trade setups. Rework of the MACD + Averages script.
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Clarified momentum divergence signals
Versionsinformation:
Clarified momentum divergence markers
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Added background coloring to better visualize clear bullish or bearish momentum
Versionsinformation:
Added background coloring to better visualize clear bullish or bearish momentum, credits, updated indicator preview, and discord link.
Don't forget to join the Discord group: discord.gg/fsbbhDZ3
Don't forget to join the Discord group: discord.gg/fsbbhDZ3
Versionsinformation:
Added ATF (Adjustable Time Frame) for detecting confluence with higher timeframes, as well as color controls to differentiate between the two timeframes. By adding two to a chart, you can merge them to create overlaps by clicking on the ellipses on the indicator (...), clicking "Move To", and clicking the "Existing Pane Above" or "Existing Pane Below" options.