Moving Average Convergence/Divergence Oscillation (MACDO)

Category: momentum

Measures the rate of change (difference) between consecutive values of the MACD Main line and the OsMA (Signal) line, effectively tracking the momentum of the MACD histogram.

Formula

MACDO = (MACD_{current} - OsMA_{current}) - (MACD_{previous} - OsMA_{previous})

Inputs

• MACDO_TF (default: PERIOD_CURRENT)
• MACDO_EMAFP (default: 15)
• MACDO_EMASP (default: 30)
• METHOD_PRICE (default: PRICE_TYPICAL)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.