Color on MACD Histogram II Tradestation Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Type : Indicator, Name : Color on MACD Histogram II 
Input:
FastMA(12),
SlowMA(26),
MacdMA(9); 

value1 = MACD(Close,FastMA,SlowMA);
value2 = XAverage(MACD(Close,FastMA,SlowMA),MacdMA);

if value1 > value1[1] then plot1(value1,"MACD Up") else {green hist}
if value1 < value1[1] then plot2(value1,"MACD Down") else {red hist}
plot3(value1,"MACD Flat"); {yellow hist}

plot4(value2, "MACD Avg"); {line}

Author/Source: http://www.purebytes.com

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