rs_MACD
Default MACD system with a enhanced color switch and visual looks
study(title="[RS] Moving Average Convergence/Divergence", shorttitle="[RS]MACD")
// Notes: { RS-MACD
// @author - RicardoSantos
// Indicator - Moving Average Convergence/Divergence "MACD"
// Notes - the only diference is the color switch and visual aspect.
// }
source = ohlc4
fastLength = input(12, minval=1), slowLength=input(24,minval=1)
signalLength=input(6,minval=1)
fastMA = ema(source, fastLength)
slowMA = ema(source, slowLength)
macd = fastMA - slowMA
signal = sma(macd, signalLength)
hist = macd - signal
c1 = macd > signal and macd >= macd[1] ? green : #fda8a8
c2 = signal > macd and signal <= signal[1] ? red : #a8fdab
p0 = hline(0, color=black, linewidth=1)
p1 = plot(hist, style=area, color=teal, transp=80, linewidth=2, title="Histogram")
p2 = plot(macd, color=c1, style=circles, linewidth=2, join=true, title="MACD")
p3 = plot(signal, color=c2, style=circles, linewidth=2, join=true, title="Signal")