Thread: BBMACD- VertexFX Indicator

BBMACD_v2 is a handy VertexFX client side VTL indicator that displays the Bollinger Bands and the MACD indicators scaled in a single indicator window.
This indicator is useful because it presents the MACD values, Bollinger Bands and the difference between the moving average in a single indicator window giving us an excellent side-by-side comparison of all three important trend and cycle indicators.
This indicator consists of six components which are displayed in the single indicator window.
GOLD - The upper and the lower Bollinger Bands. The upper value is calculated by subtracting the center band of the Bollinger Bands from the upper band of the Bollinger Bands.
RED - The MACD signal indicator. It is the MACD_SIGNAL_PERIOD candle SMA of the difference derived by subtracting the MACD_SLOW_PERIOD candle SMA from the MACD_FAST_PERIOD candle SMA.
AQUA - The trend indicator. The trend indicator is calculated by subtracting the TREND_PERIOD candle SMA of the Median price from BB_PERIOD candle SMA of the Median Price.
BLUE - The rising MACD indicator value denoting bullishness.
WHITE - The falling MACD indicator value denoting bearishness.
This signal does not provide any trading signals. It should be used in conjunction with other indicators to determine the market trend and the strength of the trend.

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