This is a souped up common or garden MACD . The Histogram is coloured giving a clear visual representation of where we are UpTicking or DownTicking on the Histogram to help support trading decisions.
When colour changes from pink to green market is bullish , and visa versa.
Very useful as a supporting indicator to confirm other strategies, or even as a...
Graphs slope of ohlc4 MACD
When it =0, trend change
play with slow&fast lengths as well as the length used to calculate the slope.
Vertical lines in the image are as close as I could get them to SMACD=0.
Standardised MACD - this uses the MACD indicator, but expressed as a percentage of Close price. This allows for the relative comparison between stocks which have different absolute values. MACD will give a high value to a high priced stock, whereas SMACD will represent stock performance in a standardised format, relative to the closing price of the stock. It...