Image sources: Mql5.
It is a developed version of Classical MACD. In addition colors and arrows added to for more clear trend indication.
It is developed by Kaleem Haider, published in Mql5 on 11.05.2017.
I personally used it and felt very useful.
Ref: Mql5.
Thank you https://9blz.com/macd-indicator-explained/
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