MACD Bollinger Bands - Improved
It is an improved version of the MACD Bollinger Bands indicator. In this indicator, BollingerBands values have a lower lag than in the original one.
The indicator view in the chart.
The indicator has the following parameters:
Period - setting of the indicator value smoothing period.
Short Period - setting of the MACD short period.
Long Period - setting of the MACD long period.
Standard Deviation - setting of the StdDev indicator period for calculating BollingerBands values.
Source - setting of the indicator calculation parameters:
Panel/Moving average period - selection of the indicator location in the chart:
- New panel
Top Band, Bottom Band, MACD, Signal, Difference
Show value - display of the indicator value on the price scale on the left.
Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.
Color - color setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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