This indicator calculates buy and sell signals by using MACD indicator on two timeframes.
MACD is a trend-following showing the relationship between two moving averages of the closing price. The MACD is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA.The result of that calculation is the MACD line. A nine-day EMA of the MACD called the “signal line”.
This indicator has 2 modes to calculate the buy/sell signals:
– MACD crosses 0 line
– MACD crosses Signal line
Screenshot shows an example for each mode