Normalized MACD — Indicator by glaz

Moving Average Convergence / Divergence (MACD)

macd

Normalized MACD
There are varius options like choosing the moving average to use, sometimes i prefer the wma it is much smoother
Added also macd line to swap color and Fill that plots columns

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.

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Want to use this script on a chart?

study("Normalized MACD",shorttitle='N MACD')
sma = input(12,title='Fast MA')
lma = input(21,title='Slow MA')
tsp = input(9,title='Trigger')
np = input(50,title='Normalize')
h=input(true,title='Histogram')
docol = input(false,title="Color Change")
dofill=input(false,title="Fill")
type = input(1,minval=1,maxval=3,title="1=Ema, 2=Wma, 3=Sma")

sh = type == 1 ? ema(close,sma)  
 : type == 2 ? wma(close, sma)
 : sma(close, sma)

lon=type == 1 ? ema(close,lma) 
 : type == 2 ? wma(close, lma)
 : sma(close, lma)

ratio = min(sh,lon)/max(sh,lon)
Mac = (iff(sh>lon,2-ratio,ratio)-1)
MacNorm = ((Mac-lowest(Mac, np)) /(highest(Mac, np)-lowest(Mac, np)+.000001)*2)- 1
MacNorm2 = iff(np<2,Mac,MacNorm)
Trigger = wma(MacNorm2, tsp)
Hist = (MacNorm2-Trigger)
Hist2 = Hist>1?1:Hist<-1?-1:Hist
swap=Hist2>Hist2[1]?green:red
swap2 = docol ? MacNorm2 > MacNorm2[1] ? #0094FF : #FF006E : red
plot(h?Hist2:na,color=swap,style=columns,title='Hist',histbase=0)
plot(MacNorm2,color=swap2,title='MacNorm')
plot(dofill?MacNorm2:na,color=MacNorm2>0?green:red,style=columns)
plot(Trigger,color=yellow,title='Trigger')
hline(0)