Dual Lines MACD Indicator With Bars

Dual Lines MACD Indicator With Bars

Classic indicator MACD yellow (DEA) and white (DIF) lines and colored bars. Bars above the zero level are colored red, below – in blue. Color bars and lines are adjusted.

Options

  • Fast: fast moving average line, the default 12
  • Slow: slow moving average line, the default 26
  • Signal: the moving average line DIF, the default 9

Three MACD indicator calculated using the following formulas:

  • DIF = EMA (CLOSE, Fast) – EMA (CLOSE, Slow) – Whiteline
  • DEA = EMA (DIF, Signal) – the yellow line
  • MACD = (DIF-DEA) * 2 – bars

Dual Lines MACD Indicator With Bars

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