MACD [Moving Average Convergence/Divergence] — Indicator by m59

oscillator trendanalysis movingaverage candles

MACD rendered as candles to make it easier on the eyes. Candles are hollow when the MACD line moves opposite direction of the trend, which can signal a weakening trend.

Release Notes:

Added a 0 hline because I think it looks nice.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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