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MACD Gradient

From MultiCharts

Colors the bars in a gradient color based on the MACD range over the previous ColorNormLength bars.

Default Inputs

FastLength( 12 ) sets the number of bars to calculate the fast exponential average.

SlowLength( 26 ) sets the number of bars to calculate the slow exponential average.

MACDLength( 9 ) sets the number of bars to calculate the MACD exponential average.

ColorNormLength( 14 ) sets the number of bars over which to normalize the indicator for gradient coloring.

UpColor( yellow ) sets the color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting.

DnColor( red ) sets the color to use for indicator values that are relatively low over ColorNormLength bars. Set to -1 to disable gradient color plotting.