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Grimes Modified MACD Supply Demand

shtcoinr  
Moving Average Convergence / Divergence (MACD) support Support and Resistance Supply Zone Demand Zone priceaction
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macd support supportandresistance supplyzone demandzone priceaction
A follower of mine asked me if I could make a version of my www.tradingview.com/...c-Supply-and-Demand/ script using the MACD. Well it just so happens I was making a few modifications to my MACD script:
Grimes Modified MACD + Highest / Lowest Momentum Indicator
just as this question came up so I went ahead and threw this together.

The MACD that triggers the SR zones is pictured below, with key trigger points encircled to illustrate how it works.
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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chrysopoetics
Week in Review: All of Old. Nothing Else Ever. Except Sometimes.