macd_color_double

Function Name: macd_color_double

Tags: Moving Average Convergence Divergence, Moving Averages

Category: Trend

The Double MACD Colored is an indicator that compares the Signal lines of 2 MACDs. This comparison can cause a much faster reaction than the normal MACD - less lag. Yet, the fast reaction is not such that it over-reacts. This indicator, like the normal MACD, can be slightly erratic.

 

The color of 2 MACDs is compared between today value and previous value conditions. That means if today MACD more than previous MACD, the color of MACD line will display green color. In the opposite site the today MACD less than previous MACS, the color of MACD line will display red color. This condition is applied with 2 MACDs line and 2 Triggers line.

 

mov1_1
	Default Value: 12  |  Minimum: 2  |  Maximum: 999
	Type: Numeric
mov1_2
	Default Value: 26  |  Minimum: 2  |  Maximum: 999
	Type: Numeric
Trigger1
	Default Value: 9  |  Minimum: 2  |  Maximum: 999
	Type: Numeric
mov2_1
	Default Value: 3  |  Minimum: 2  |  Maximum: 999
	Type: Numeric
mov2_2
	Default Value: 35  |  Minimum: 2  |  Maximum: 999
	Type: Numeric
Trigger2
	Default Value: 5  |  Minimum: 2  |  Maximum: 999
	Type: Numeric