Traders’ Tips of November 2019, the focus is Vitali Apirine’s article in the November issue, “The Stochastic MACD Oscillator”.
Function In “The Stochastic MACD Oscillator” in this issue, author Vitali Apirine introduces a new indicator created by combining the stochastic oscillator and the MACD. He describes the new indicator as a momentum oscillator and explains that it allows the trader to define overbought and oversold levels similar to the classic stochastic but based on the MACD. The STMACD reflects the convergence and divergence of two moving averages relative to the high–low range over a set number of periods.
If you check my version you can see some of the upgrades I added. Its definitely an improvment over the standard MACD though as lag is sufficiently dealt with while retaining signaling properties