This is an upgraded version of my MACD_trendtrader indicator. UPGRADES: - Histogram slope changes colors according to the direction of the slope. - Panel that displays volatility of the asset. The volatility is measured from 0 to 100. Zero being the lowest and 100 the highest volatility. I also included different text colors for a certain volatility value (white= very low volatility, blue = low volatility, purple= high volatility, green= very high volatility)
It works well on all time-frames but i found it particularly useful on the lower time-frames for identifying pullbacks in a trending market. It has been tested in the Forex and Traditional market.
I can't seem to find the indicator on tradingview... Please help..
Mathsio
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@kevinsoop888,
I don’t know why it cannot be found in the public library. Will try to fix it but for now you can access it by adding it to your favourites (above the source code).