Its MACD Indicator yes but I remacked ... lol .. shows trend and divergences more clearly
study(title="Re-MACD", shorttitle="Re-MACD") source = close fastLength = input(34, minval=1), slowLength=input(55,minval=1) signalLength=input(5,minval=1) fastMA = ema(source, fastLength) slowMA = ema(source, slowLength) macd = fastMA - slowMA signal = sma(macd, signalLength) hist = macd - 0 up = rma(max(change(macd), 0), slowLength) down = rma(-min(change(macd), 0), slowLength) newmacd = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) macdsig = sma(newmacd, signalLength) maczero = newmacd >=0 ? 50 : na sigc = newmacd > macdsig and newmacd < maczero ? green : newmacd > macdsig ? lime : newmacd < macdsig and newmacd < maczero ? red : orange plzero = plot(maczero, color=sigc, style=circles,linewidth=5) plpmacd = plot(newmacd, color=silver) plpmacdsig = plot(macdsig, linewidth=4, color =sigc, style=circles,linewidth=2) fill(plpmacd, plzero, color=blue, transp=95) //Define The Lines bandpeak = hline(60, linewidth =1, linestyle=dotted, color=navy) bandbase = hline(40, linewidth = 1, linestyle=dotted, color=navy)