Tracks

MACD with Directional Colors

This MACD indicator colors the MACD and signal lines according to the direction they are moving.

- Eliminates the histogram from the traditional MACD indicator.
- Uses a histogram for the MACD line.
- Includes Bollinger Bands for the MACD line to help detect squeezes
Release Notes: Current version removes unused bollinger band info.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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