This is to directly target when MACD crosses the Signal line. The purpose of this script is to target a +/- change of 3 in the MACD value after the most recent cross. It uses the value of the MACD line and holds it until a value of 3.00 + or - a crossover or crossunder happens. That's the significance of the red and green circles that appear on the chart. This is...
Simple Price convergence divergence. Current close minus past or in other words lagging price.
The values used by this indicator are equal to MACD 12 26 9 (and Signal). Only changes are made to looks: If MACD closes higher than Signal, then we are seeing green. Else, we are seeing red. Another point is that we get a blue circle when there is a trend change from bullish to bearish or vice versa. Please note that there needs to be an offset for this. We...