Its an MACD indicator which highlights places where macd and signal line cross and hidden divergence ocures. Logic behind it is to check if we have hidden divergence when crossing of that two lines and if above EMA200 (signal for BUY - green) or if below EMA200 (signal for SELL - red). You can change lenght of EMA but i think 200 is a simpliest trend indicator.
@Rexio, to be more specific you should show every cross over of macd line and signal line.
Rexio
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@ashwinpatel, but my goal was to show only crosses there you have divergence with a price. You want to have all crosses shown? with or without divergence?
Rexio
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@RedBeard_0x, tell me how you see that? what you want to see in indicator? this one is only to see where is hidden divergence with a trend (above/below EMA200). If i want to check for regular divergence i need to change set of arguments. What you think will be the best? should i check regular Divs with a trend or it is nor neccesery?
If i dont respond for commnets please write me a private msg.
duketv1986
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Hei,
maybe a stupid question but when I use the MACD script it doesn't show the MACD in a nice chart at the bottom but it gets in my normal charts and so zooms out so far I cannot see anything... How do you manage that?
bit of noob question
Rexio
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@duketv1986, @duketv1986, hi mate. Can you add some snapshots of that chart for me to see what is happening?
vikithekingbros
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i am not able to see the green and red lines signal for buy and sell
Rexio
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@vikithekingbros, sorry that i didnt respond you faster. Can you add some snapshot of your chart for me to see?
Not possible to add regular ones?