OPEN-SOURCE SCRIPT
MACD platinum / zero lag MACD +
MACD Platinum Indicator
MACD Platinum enhances the traditional MACD by incorporating Zero Lag EMAs for quicker signal generation. This adaptation was developed by John Ehlers and Rick Way, and gained popularity through Forex trader Jim Brown.
Other Distinctive Features Include:
1. Customizable Signal Line: Options include SMA, EMA, Zero Lag EMA, HMA, WMA (also known as LWMA), VWMA, and RMA (also known as SMMA or Wilder MA).
2. Adjustable MACD Line: Similar to the Signal Line, it can be set to SMA, EMA, Zero Lag EMA, HMA, WMA (LWMA), VWMA, or RMA (SMMA/Wilder MA).
3. Histogram Toggle: Users have the option to display or hide the histogram.
4. Multiple Timeframe Compatibility: Allows for the use of different time intervals from the chart's current interval.
5. Alert Functionality: Fully compatible with setting up alerts for trading signals.
I welcome your feedback to further refine this tool.
Thank you for your interest in MACD Platinum.
MACD Platinum enhances the traditional MACD by incorporating Zero Lag EMAs for quicker signal generation. This adaptation was developed by John Ehlers and Rick Way, and gained popularity through Forex trader Jim Brown.
Other Distinctive Features Include:
1. Customizable Signal Line: Options include SMA, EMA, Zero Lag EMA, HMA, WMA (also known as LWMA), VWMA, and RMA (also known as SMMA or Wilder MA).
2. Adjustable MACD Line: Similar to the Signal Line, it can be set to SMA, EMA, Zero Lag EMA, HMA, WMA (LWMA), VWMA, or RMA (SMMA/Wilder MA).
3. Histogram Toggle: Users have the option to display or hide the histogram.
4. Multiple Timeframe Compatibility: Allows for the use of different time intervals from the chart's current interval.
5. Alert Functionality: Fully compatible with setting up alerts for trading signals.
I welcome your feedback to further refine this tool.
Thank you for your interest in MACD Platinum.
Skrip open-source
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