This indicator was originally formulated by Vitali Apirine for TASC - December 2017 Traders Tips, “Weekly & Daily MACD”.
Function
In the article “Weekly & Daily MACD” in this issue, author Vitali Apirine introduces a novel approach to using the classic MACD indicator in a way that simulates calculations based on different timeframes while using just a daily-interval chart. He describes a number of ways to use this new indicator that allows traders to adapt it to differing markets and conditions.
This seems like an interesting idea. Just to clarify: this is based on a 5 day trading week right? So if used for crypto the weekly lengths should be 7x the daily lengths instead of 5x as per the standard settings right? Does that make sense?