An advanced version of MACD and RSI combined, where moving averages gives quality early signals along with the strength of Histogram. This Version of MACD helps traders to understand strength in the Histogram and possibilities of a reversal. Indicator also gives Early Indications of trend shift.
MACD input options Given to User The Indicator draws MACD and MACD Histogram
Based on histogram Value RSI is Plotted and RSI Based EMA is Plotted as MARSI line and Signal Line
Calculations : MACD Line: (12-day EMA - 26-day EMA) Signal Line: 9-day EMA of MACD Line MACD Histogram: MACD Line - Signal Line MARSI Line : RSI Value of MACD Histogram Signal Line : 9-day EMA of Marsi Line