mbarcala
Active member
Another nice Indicator, Media Convergence Divergence or MCD converted to TOS. Enjoy!
Original Link: https://www.tradingview.com/script/odyzZlzU-Median-Convergence-Divergence/
Photo
https%3A//i.imgur.com/DZ4ZsrC.png[/img]']
Script
Original Link: https://www.tradingview.com/script/odyzZlzU-Median-Convergence-Divergence/
Photo
https%3A//i.imgur.com/DZ4ZsrC.png[/img]']
Script
Code:
#// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
#// © maksumit, @version=5
#Median Convergence Divergence - MCD converted to TOS by mbarcala
#TradingView: https://www.tradingview.com/script/odyzZlzU-Median-Convergence-Divergence/
declare lower;
input fast = 5;
input slow = 20;
input signal = 6;
#//Median, Median Convergence Divergence, Signal and Histogram
def medianF = MedianAverage(close, fast);
def medianS = medianAverage(close, slow);
plot mcd = medianF - medianS;
mcd.SetDefaultColor(Color.CYAN);
mcd.SetLineWeight(2);
plot mcds = MedianAverage(mcd, signal);
mcds.SetDefaultColor(Color.DARK_ORANGE);
mcds.SetLineWeight(2);
plot hist = mcd - mcds;
hist.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
hist.AssignValueColor(if hist < hist[1] and hist > 0 then Color.DARK_GREEN else if hist > 0 then Color.LIME else if hist > hist[1] then Color.VIOLET else Color.RED);
plot cline = 0;
cline.SetDefaultColor(Color.GRAY);