Micro MACD

Micro version of the MACD

ATR - uses ATR to position indicator 1.5x above high of the Nth bar (needs improvement)
Absolute - allows you to specify the zero line position using price on the chart.

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.

Want to use this script on a chart?