Indicators: TSD_PP_MACD_FORCE_Ind_v1
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TSD_PP_MACD_FORCE_Ind_v1:
A trend indicator with three states. During strong trends it colors bars in red or green depending on trend direction.
The indicator is based on the values of the MACD histogram on a weekly chart and the Force Index oscillator on a daily chart. Green bars occur during the growth of the MACD histogram and fall of the oscillator below zero, and red color appears when the histogram falls and the oscillator moves above zero.
Author: Nikolay Kositsin