INVITE-ONLY SCRIPT
Normalized MACD by[@hadi_saadat]
Mis à jour
This MACD is exactly like standard MACD, but extremely stable and normalized by EMAs(200,150,100,50,30).
So you need at-least 30 candle to see the chart.
The Huge differences can be seen when the close price scale over time changes for instance go to the weekly time-frame, see the normalized MACD and Standard MACD when the BTC price was below 10k or even below 5k and compare two MACD charts (The standard one chart get almost vanished when the price was much cheaper and it doesnt scale well), then zoom in the standard MACD at that period and again compare it to The Normalized one(When you zoom in you will see surprisingly both MACDs are exactly the same form and shape, however normalized one doesn't need zoom-in and it is well scaled among the time and different prices), You will be surprised that how stable it is.
The normalizes MACDs, Signals and Histograms values are comparable to any other assets (obviously in same time-frame).
So you need at-least 30 candle to see the chart.
The Huge differences can be seen when the close price scale over time changes for instance go to the weekly time-frame, see the normalized MACD and Standard MACD when the BTC price was below 10k or even below 5k and compare two MACD charts (The standard one chart get almost vanished when the price was much cheaper and it doesnt scale well), then zoom in the standard MACD at that period and again compare it to The Normalized one(When you zoom in you will see surprisingly both MACDs are exactly the same form and shape, however normalized one doesn't need zoom-in and it is well scaled among the time and different prices), You will be surprised that how stable it is.
The normalizes MACDs, Signals and Histograms values are comparable to any other assets (obviously in same time-frame).
Notes de version
The default precision for indicator values is updated to 3.Script sur invitation seulement
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