MACD Combined Dynamic
- Indicators
- Elsier Salvador Jimenez Malla
- Version: 1.0
Description: The MACD Combined is an advanced indicator that integrates two visualization modes to provide clearer, more adaptable analysis of Moving Average Convergence/Divergence.
Key Features:
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📈 Two operating modes:
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Mode 1:
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Histogram colored according to the MACD sign (positive or negative).
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Signal line colored according to the relationship between MACD and the signal line.
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Mode 2:
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Histogram colored based on the comparison between MACD and the signal line.
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Signal line colored according to its position relative to zero.
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⚙️ Configurable parameters:
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Fast EMA period, Slow EMA period, and Signal SMA period.
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Applied price type.
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Quick selection between Mode 1 and Mode 2.
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🎯 Optimized visualization:
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Distinct colors for bullish and bearish conditions.
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Clean lines and bars displayed in a separate indicator window.
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🛠 Optimized code:
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Uses 8 buffers (4 for graphics, 4 internal).
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Efficient calculation of moving averages and signal line without external dependencies.
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Use case: Ideal for traders who want to quickly identify trend changes, signal crossovers, and market momentum levels while maintaining visual clarity and adaptability to different trading styles.