MACD with LWMA

MACD with LWMA combines the traditional MACD indicator with a Linear Weighted Moving Average for enhanced signal accuracy. This custom indicator features color-coded histograms that change based on MACD direction and momentum, making trend identification more intuitive. The addition of LWMA helps filter potential false signals by providing a smoother reference line. Built-in alert conditions for bullish and bearish LWMA crossovers allow for timely trade notifications. Fully customizable parameters let you fine-tune the indicator to your specific trading strategy and timeframe preferences.

• Uses MACD to identify trend direction and momentum shifts
• Incorporates LWMA to provide smoother signal interpretation
• Features dynamic color-coded histograms that change based on MACD values and direction (thanks for MACD4C)
• Includes customizable parameters for fast, slow, signal, and LWMA lengths
• Provides visual cues when MACD is above/below zero line
• Generates alert signals for bullish and bearish LWMA/signal line crossovers
• Helps identify potential entry and exit points
• Works across multiple timeframes and instruments
• Offers improved visual clarity with enhanced line widths
• Reduces noise and potential false signals compared to standard MACD

*** it works better as an additional filter