I am looking for a standard macd indicator with colour coding.
Let me explain....
I use macd but only display the difference between the macd line and the signal line. This is represented in bar form. What I want is that when the macd line and signal line gap starts to narrow the completed bar is coloured red. When the gap is greater than the previous bar , the bar is coloured blue. Hope this is clear. I have looked on the forum but not found anything. If there is such an indicator out there I would appreciate it if someone can direct me to it.
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