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MACD Squeeze

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Moving Average Convergence / Divergence (MACD) Moving Averages Oscillators Relative Strength Index (RSI) Volatility squeezemomentum macddivergence squeeze
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macd movingaverage oscillator relativestrengthindex volatility squeezemomentum macddivergence squeeze
Just saw this on a particular website and created my version of it.
A practical modification of MACD and Squeeze Momentum. The MACD histogram is colored in green or red depending on whether the squeeze momentum is active or not.
Additionally, the MACD line is colored green if the RSI is oversold and red if it's in the overbought levels.
Release Notes:
Update to V5 Pine.
Release Notes:
Updated with Divergences and Alerts for divergence!
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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