The Elite Circle - MACD Up Down Color Bars
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MACD Up Down Color Bars 4 *
Colors the bars of the price series based on a request in the "Want Your Indicators Created Free" thread. The version posted there was improved.

The coloring is based on whether the underlying MACD is rising or falling. The MACD is the difference between two EMA's.

This version allows user selection of the MACD fast and slow periods and is optimally coded for minimal CPU usage. The calculation of the EMA's and the MACD is done within the indicator, eliminating any dependence on external indicators. Error trapping has been added.

I copyrighted it with a prohibition of commercial distribution. Please let me know if you find it turning up for sale anywhere.

If you downloaded this before 7:30PM ET on March 16, comment out line 94.


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March 16th, 2012
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