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:

Settings

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.

Common

Source - setting of the indicator calculation parameters:

• Open
• High
• Low
• Close
• Volume

Drawing

Panel/Moving average period - selection of the indicator location in the chart:

• New panel
• Chart

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:

• Line
• Histogram
• Hash
• Block
• Cross
• Square
• Dots
• Up arrow
• Down arrow
• Axis label
• Hide

Line style - setting of the line display style:

• Solid
• Dash
• Dash - dot
• Dash - dot - dot

Width - setting of the indicator line width.