Mirrored MACD [LazyBear]

This is a famous indicator I have seen used by many Forex traders in MT4 platform. This indicator uses the difference between EMA of "close" and EMA of "open" to form the oscillator lines (not just a convergence/divergence calculation between EMA of "close")

Current market state is determined by which histogram is above zero line. For more confirmation, wait for it to cross above Signal line too. Crossing down the signal or zeroline should be the exit condition. Also, look for divergences.

Use plot labels BullHisto/BearHisto/BearLine/BullLine/ZeroLine/Signal for setting up alerts.

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本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。



// @author lazybear 
// list of all my indicators: 
study("Mirrored MACD [LazyBear]", shorttitle="MIRRMACD_LB")
length=input(20), siglength=input(9)
colorBars=input(false, title="Color bars?")
ma(s,l) => ema(s,l)
mao=ma(open, length), mac =ma(close, length)
mc=mac-mao, mo=mao-mac, signal=sma(mc, siglength)
plot(0, title="ZeroLine", color=gray)

plot(mc, color=green, linewidth=2, style=histogram,title="BullHisto")
plot(mo, color=red, linewidth=2, style=histogram,title="BearHisto")
plot(mo, color=red, linewidth=2,title="BearLine")
plot(mc, color=green, linewidth=2,title="BullLine")
plot(signal, color=blue, linewidth=2,title="Signal")

us=max(mc,mo), bc=us>=signal?(us==mc?lime:maroon):na