fskrypt

Log-space MACD

This indicator is identical to regular MACD indicator except it is calculated in log space, which is useful for looking at long-term trends.
Release Notes: add optional buy/sell signals
Release Notes: update example chart
Release Notes: update example chart again
Release Notes: use ratios instead of hard offsets when plotting signals
Release Notes: Improve EMA degradation qualities in the beginning of the chart and add optional Ehlers Super Smoother filter
Release Notes: add a comment
Release Notes: drop 1st candle for stability in the beginning
Release Notes: change indicator colors, update chart
Release Notes: update colors to make this script more usable in dark mode
Release Notes: update study title

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.

Want to use this script on a chart?