[NLR] - MACD Overlay

Overview

This script is an enhanced version of the classic MACD indicator, designed to be plotted directly on the price chart as an overlay. It provides a visual representation of trend direction by coloring moving averages, a zero reference line, and an optional histogram. The script allows for a higher timeframe MACD calculation through a configurable multiplier.

Features

MACD Calculation: Uses Exponential Moving Averages (EMA) to calculate the MACD line, Signal line, and Histogram.
Higher Timeframe Support: Multiplier option to adjust MACD parameters for a broader trend perspective.
Color-Coded Trend Visualization: Dynamic color changes based on MACD crossovers for easy trend identification.
Optional Histogram: Toggle histogram visibility to see momentum shifts.
Zero Line Reference: Helps traders interpret trend direction and strength.

How to Use

Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD.
Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts.
Interpret the Signals:
- Uptrend (Lime): Fast EMA is above Slow EMA.
- Downtrend (Fuchsia): Fast EMA is below Slow EMA.
- Histogram Changes: Increasing histogram bars indicate growing momentum, while decreasing bars suggest weakening momentum.

Nota Keluaran

MACD Calculation: Uses Exponential Moving Averages (EMA) to calculate the MACD line, Signal line, and Histogram.
Higher Timeframe Support: Multiplier option to adjust MACD parameters for a broader trend perspective.
Color-Coded Trend Visualization: Dynamic color changes based on MACD crossovers for easy trend identification.
Optional Histogram: Toggle histogram visibility to see momentum shifts.
Zero Line Reference: Helps visualize price movement at zero line.

How to Use

Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD.
Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts.
Interpret the Signals:
- Uptrend (Lime): Fast EMA is above Slow EMA.
- Downtrend (Fuchsia): Fast EMA is below Slow EMA.
- Histogram Changes: Increasing histogram bars indicate growing momentum, while decreasing bars suggest weakening momentum.

Nota Keluaran

Updated histogram style
Added additional HMA to visualize trend direction

Nota Keluaran

Removed slow line from visualization

Nota Keluaran

Improved visualization to accurately show histogram and signal line

Nota Keluaran

added extra SMA

Nota Keluaran

updated chart with more explanation

Nota Keluaran

changed histogram style to improve visualization style

Nota Keluaran

Removed SMA
Added option to enable/disable histogram color coding

Nota Keluaran

Added option to smooth source
changed signal line style

Nota Keluaran

keeping default multiplier to 1

Nota Keluaran

Changed signal line style

Nota Keluaran

Modified to match styles with rest of MACD Overlay indicators

Skrip sumber terbuka

Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.

Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.

NonLinearRookie

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Skrip sumber terbuka

Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.

NonLinearRookie