OPEN-SOURCE SCRIPT
Updated Normalized MACD (PPO)
Normalized MACD (PPO)
Better and more accurate version of the MACD, because the normal MACD gets skewed by bigger nominal values.
Better and more accurate version of the MACD, because the normal MACD gets skewed by bigger nominal values.
Release Notes
Added options to measure distance between MACD & Signal Line to the 0 value.Better metrics than distance between MACD & Signal Line imo
Release Notes
Changed DefvalOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.