Colored MACD Optimized

Optimized version of colored MACD indicator

MACD (Moving Average Convergence/Divergence) is a popular trading indicator used in technical analysis of securities prices. It is designed to identify strength, direction, momentum, and  trend duration.


Default values:

12,26,9

MA Type: Exponential

Values i use:

8,21,5

MA Type: simple

Feel free to use what is work for you.

Trading interpretation:

MACD is positive when the histogram value is increasing, then upside momentum is increasing.

MACD is negative when the histogram value is decreasing, then downside momentum is increasing.

MACD line crosses up through the signal line (bullish crossover) is a recommendation to go long , or to go short if it crosses down through the signal line (bearish crossover).



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