This tool is simple yet very effective. It creates new candles on the chart based on the MACD.
Candles are green when MACD is increasing and red when it is decreasing. All lengths can be adjusted in the input menu and there is an option to plot the signal line.
Thanks!!!! Weekly chart paired with heikin-ashi candles. thank me later.
arsalanbhagwanee
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Hi can anyone guide how to set green candle alert?
Jose5770
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The candles are hard to see when they get smaller. Do you think a bar color or background color feature would be able to make the candles easier to visualize
fidarehman05
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@Jose5770, MACD 9.27.5 EMA is equal to this indicator.. You can also try this setting
deltachange
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@fidarehman05, interested by your statement here - I see it’s close but out by a period or two