MACD Converter

MACD Converter is an analogue of the MACD Message with more advanced functionality:

It has two signal lines: Signal Line 1 and Line 2, bar outlines are colored according to Line 1, it also triggers the trend notifications.

MACD Converter converts the parameters of Fast MA, Slow MA and Signal Line 1 and Line 2 lines from the interval specified in the settings (Convert Time frame) to smaller timeframes. This allows receiving a signal for making a decision within the specified (Convert Time frame) bar.

The indicator reports the divergence of a weakening trend with the price at the last bar - the Divergency optional function.

The outline of the bars is colored according to the trend. The histogram color can be changed according to the settings:

1. Convergence-Divergence – when Fast MA and Slow MA converge/diverge.
2. Trend MA – when there is a change in the inclination angle of the Fast MA or Slow MA individually or both together.
3. Signal Lines – when there is a change in the inclination angle of the Signal Line 1 or Line 2 individually or both together, as well as at their intersection.
4. Momentum - at values of Momentum, corresponding to periods: Fast MA – Momentum Fast or Slow MA - Momentum Slow individually, both - crossing the level 100.
5. Close Bars - when bars close above/below the Fast MA, Slow MA individually or both together.
6. Volumes - when the tick volumes in bars increase: bullish – positive signal, bearish - negative signal.

Parameters of the Color Histogram MACD can be used individually, together or can be disabled.

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