MACD+ — Indicator by ThePuma

The most common question I receive is what my candle color is based on. It's based on the MACD ema's 12 and 26. It reflects momentum.

I've decided to release it for free access so you no longer have to ask, you can simply use it and see what I see. I've also built in the ability to see different timeframes.

This is not an indicator meant for buys or sells. This is an integral part of my system for wave subdivision and momentum.

Release Notes:

Updated with alerts for crossings

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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