MACD BB Modified
This AFL modifies the standard MACD indicator using Bollinger Bands. Integrated with an AmiBroker data feed, it offers a customized approach to MACD analysis, incorporating Bollinger Bands to provide unique insights into market trends.
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_SECTION_BEGIN("MACD");
SetChartBkColor( colorBlack ) ;
A1=EMA(C,3)-EMA(C,11);
BBtop=BBandTop(A1,10,1);
BBbot=BBandBot(A1,10,1);
Color=IIf(a1<0 AND a1>Ref(a1,-1), colorBlue,IIf(a1>0 AND a1>Ref(a1,-1),colorBlue,IIf(a1>0 AND a1<Ref(a1,-1),colorRed,colorRed)));
Plot(a1,"MACD",color,styleDots+styleLine);
Plot(BBtop,"BBtop",colorDarkGreen,styleDashed);
Plot(BBbot,"BBbot",colorDarkRed,styleDashed);
Plot(0,"",31,1);
_SECTION_END();
_SECTION_BEGIN("EMA1");
P = ParamField("Price field",-1);
Plot( EMA( P, 9 ), _DEFAULT_NAME(), colorBlue, styleThick );
_SECTION_END();