Multi color MACD with Triple EMA smoothing [cI:DH] — Indicator by cI8DH

Moving Average Convergence / Divergence (MACD) Exponential Moving Average (EMA)

macd ema

At default settings, this indicator is identical to the built-in MACD.

Features:
- multi-color histogram
- background color change when MACD tops or bottoms
- additional smoothing using Triple EMA

Recommended settings:
- Triple EMA length 10 seem to be a good trade-off between smoothness and responsiveness

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

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.

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