MAGIC MACD ( MACD Indicator with Trend Filter and EMA Crossover confirmation and Momentum). This MACD uses Default Trading view MACD
from Technical indicators library and adding a second MACD along with 3 EMA's to detect Trend and confirm MACD Signal.
Eliminates usage of 3different indicators (Default MACD , MACD-2,EMA5, EMA20, EMA50)
Idea is to...
Description of a classic MACD:
MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price. The MACD indicator (or "oscillator") is a collection of...