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Superior MACD

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Regular Price $296 Special Price $148

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Product Description

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This is a classic indicator remade by ninZa.co. MACD is generally voted as the most-used classic indicator. We remade it by adding many useful graphical enhancements to help traders see important signals more easily. We also provide 10 popular moving average types for you to independently configure the fast MA, slow MA, and the signal line. Each of them can be smoothed with any of 10 smoothing methods. The most used signal out of MACD is a crossover between the MACD line and the signal line. We tremendously enhanced this by switching to translate the histogram (the difference between the MACD line and the signal line). An upper threshold and a lower threshold (both are based on ATR) are applied to the histogram to help define trend phases efficiently:
  • In an uptrend, the histogram must go below the lower threshold for the trend to switch to a downtrend.
  • In a downtrend, the histogram must climb above the upper threshold for the trend to switch to an uptrend.
A wonderful feature of this indicator is trend slowdown detection, based on the number of histogram bars for slowdown scan you define. Its default is 3, which means: if there are 3 consecutive positive decreasing bars, the uptrend experiences a slowdown; if there are 3 consecutive negative decreasing bars, the downtrend experiences a slowdown. Slowdowns are marked with dot symbols (). Zero crossovers are marked with arrow symbols ().

In this indicator, ninZaATR is used (instead of regular ATR) for better performance. For your information, ninZaATR is ninZa.co's special ATR version that helps improve indicator performance significantly on intraday charts. It is also a standalone FREE indicator for ninZaFamily → https://ninza.co/product/ninzaatr.

Key features:
  • Plot MACD line, signal line and the difference between those 2 lines
  • Allow independently configuring fast MA, slow MA, signal line with
  • Allow independently smoothing fast MA, slow MA, signal line with
  • Allow specifying the number of bars for slowdown scan
  • Add an upper threshold for filtering positive difference and a lower threshold for filtering negative difference, both of which are ATR-based
  • Colorize the difference plot in 4 different colors: positive increase, positive decrease, negative increase, negative decrease
  • Paint background to clearly show uptrend vs downtrend
  • Colorize bars based on 2 phases: uptrend, downtrend
  • Trigger alerts on trend shift
  • Trigger alerts on trend slowdown
  • Trigger alerts on zero crossover
  • Print markers on trend shift
  • Print markers on trend slowdown
  • Print markers on zero crossover
  • Be NinjaScript ready for advanced usage, only restricted by your imagination
  • Expose dedicated NinjaScript signals
Dedicated NinjaScript signals:
  • Signal_State: 2 = positive increase, -2 = negative increase, 1 = positive decrease, -1 = negative decrease, 0 = zero
  • Signal_Trend: 1 = uptrend, -1 = downtrend
  • Signal_Slowdown: 1 = downtrend slowdown, -1 = uptrend slowdown, 0 = no slowdown
  • Signal_ZeroCrossover: 1 = MACD above zero, -1 = MACD below zero

Software Changelog

  • 14 Sep 2020 - A minor issue with "soundPath" was fixed.
  • 03 Sep 2020 - Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, bar painting, chart info, property naming/positioning/grouping); regular ATR was replaced with ninZaATR for better performance; alert popup was visually enhanced.
  • 19 Aug 2019 - The indicator was released (build new).

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    Exceptional Indicators & Tools at a Unbeatable Price

    As a trader I use as few indicators as I can, but the ones I do use (by ninZa.co) are exceptional. ninZa.co also offers outstanding tools that I would not trade without. Customer service is outstanding as well.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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