The document defines an indicator for a trading platform that analyzes MACD and EMA values and plots the results on a candlestick chart. It takes various inputs like period lengths and calculates multiple moving averages, MACD, and signal values. It then plots the normalized candlesticks, along with shape indicators and colored bars based on the EMA and MACD trends. Horizontal lines are also plotted at extreme, significant and fair value levels.
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Pro 2 - @marcelo - Lcampos
The document defines an indicator for a trading platform that analyzes MACD and EMA values and plots the results on a candlestick chart. It takes various inputs like period lengths and calculates multiple moving averages, MACD, and signal values. It then plots the normalized candlesticks, along with shape indicators and colored bars based on the EMA and MACD trends. Horizontal lines are also plotted at extreme, significant and fair value levels.