It is an enhanced version of the MACD indicator. In addition to the MACD, the BollingerBands indicator, which is calculated from the MACD values, is added to the chart.
The indicator view in the chart.
The indicator has the following parameters:
Settings
Period - setting of the indicator value smoothing period.
Short Period - setting of the MACD short period.
Long Period - setting of the MACD long period.
Standard Deviation - setting of the StdDev indicator period for calculating BollingerBands values.
Common
Source - setting of the indicator calculation parameters:
- Open
- High
- Low
- Close
- Volume
Drawing
Panel/Moving average period - selection of the indicator location in the chart:
- New panel
- Chart
Top Band, Bottom Band, MACD, Signal, Difference
Show value - display of the indicator value on the price scale on the left.
Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.
Color - color setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Line
- Histogram
- Hash
- Block
- Cross
- Square
- Dots
- Up arrow
- Down arrow
- Axis label
- Hide
Line style - setting of the line display style:
- Solid
- Dash
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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