MACD modified with exponential moving averages. Simple.
study(title="Exponential Moving Average Convergence/Divergence", shorttitle="EMACD") source = close fastLength = input(12, minval=1), slowLength=input(26,minval=1) signalLength=input(9,minval=1) fastEMA = ema(source, fastLength) slowEMA = ema(source, slowLength) macd = fastEMA - slowEMA signal = ema(macd, signalLength) hist = macd - signal plot(macd, color=blue) plot(signal, color=orange)