MACD Flat Trend indicator is a signal indicator based on MACD.
It has four inputs:
- MACD fast EMA period – fast EMA MACD calculation period
- MACD slow EMA period – slow EMA MACD calculation period
- MACD signal period – MACD signal line calculation period
- Applied price – MACD calculation price
Calculation:
- If the signal line is below MACD and MACD is above zero, the green label is set
- If the signal line is above MACD and MACD is below zero, the red label is set
- Otherwise, the gray label is used
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