MACD Mod Trend Line
By modifying MACD for trend analysis, this AFL in Amibroker incorporates trend lines for a clearer depiction of market trends. Utilizing Amibroker data feed, it enables traders to identify and follow trend movements with greater precision.
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_SECTION_BEGIN("MACD");
r1 = Param( "Fast avg", 3, 2, 200, 1 );
r2 = Param( "Slow avg", 11, 2, 200, 1 );
MAc = MACD (r1,r2);
Col = IIf (MAc > Ref(MAc,-1),colorBlue,colorRed);
Plot( MAc,"MACD", Col, styleThick );
Plot(6, "ribbon", Col, styleOwnScale| styleArea|styleNoLabel,-0.5,100);
_SECTION_END();