This one was posted by Moderator Mntiwana back in the TSD days which is called the Jurik MACD HL which comes with Multi-timeframe + Interpolation and Arrows and is another indicator that is ideal for novices and scalpers as it helps us forecast range and turning points.

As explained by Mntiwana:
One pretty version with levels by MLADEN is here too,just your first bar option needed,check this one.

regards

some description (Did a jurik mod of Macd high low mtf with arrows and with pearson spearman correlation on the correlation indicator you can choose between spearman or pearson correlation, it draws stop loss lines along with buy and sell arrows when overbought or oversold, the overbought and oversold lines are adjustable in your external parameters

extern double Level = 0.9;

extern double Level_Ex = 0.8; .}