A different approach to Gerald Appel's classical Moving Average Convergence Divergence.
Appel originaly set with exponential moving averages.
In this version users can apply 11 different types of moving averages which they can benefit from their smoothness and vice versa sharpnesses...
Built in Moving Average type defaultly set as VAR but users can choose from 11 different Moving Average types like:
TMA : Triangular Moving Average
VAR : Variable Index Dynamic Moving Average a.k.a.
WWMA : Welles Wilder's Moving Average
TSF : True Strength Force
TILL : Tillson T3 Moving Average
In shorter time frames backtest results shows us TILL, WWMA, (VAR) could be used to overcome whipsaws because they have less numbers of signals.
In longer time frames like , Weighted V2, and MACDAS and are more accurate according to backtest results.
My interpretation of Buff Dormeier's Weighted V2:
Thomas Aspray's MACD: (MACDAS)
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.