This is my simple way to quickly see MACD signals without having the MACD taking up space. The one at the bottom is for display to show how this works. A crossover occurs when the arrow flips over. The position of the arrow tells you if it is currently above or below the zero line. You can change the script to overlay and have it show up above or below price also. Let me know what you think.
@repo32, Normal MACD,You have made it look easy,instant recognition of signal cross and MACD zero line cross.Thanks.
AnnaCrude
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@repo32, have you used 12/26/9 or different settings in the pic showing MACD upper position crossover and lower position crossover
repo32
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@AnnaCrude, The pic is just 12/26/9. You can adjust settings to whatever you like. I have added multiple lines of this indicator with different settings.
AnnaCrude
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@repo32, Ok.I want to thank you for inspiring me to make an EA