Disliked{quote} Hi Waldo..... any update on this? Cant find it ...hidden by TV ?Ignored
I am not sure if it was because I put a link to this thread in the description or the mod just truly found it "not useful".
You should be able to just paste this into a pinescript editor and add it to your chart:
//@version=5
indicator("Robinhood Oscillator", shorttitle="RHO")
// First MACD Calculations
fast_ma1 = ta.ema(close, 6)
slow_ma1 = ta.ema(close, 10)
macd1 = fast_ma1 - slow_ma1
signal1 = ta.ema(macd1, 9)
// Second MACD Calculations
fast_ma2 = ta.ema(close, 11)
slow_ma2 = ta.ema(close, 13)
macd2 = fast_ma2 - slow_ma2
signal2 = ta.ema(macd2, 9)
// Plotting
plot(macd1, title="MACD 1", color=color.rgb(255, 0, 255))
//plot(signal1, title="Signal 1", color=color.yellow)
plot(macd2, title="MACD 2", color=color.rgb(0,255,0))
//plot(signal2, title="Signal 2", color=color.orange)
hline(0, title="Zero Line", color=color.silver)
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