MACD-V Volatility Normalisation — Indicator by Riliza

Moving Average Convergence / Divergence (MACD) macd-v

macd macd-v

Using MACD-V by Alex Spiroglou (CMT) Method

Calculation MACD-V = * 100

While

⚠️MACD-V >150 - Risk
📈MACD-V between 50 - 150 : Rallying or Retracing📈
〰️MACD-V between -50 - 50 : Ranging (Sideway) 〰️
↪️MACD-V between -150 - -50 : Rebounding or Reversing ↪️
⚠️MACD-V <150 - Risk ⚠️

Release Notes:

Changing the color of risk zone to be black and to be monitored.

Release Notes:

Script Revise - without range and HIstogram.

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?