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[NLR] - MACD Overlay

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


How to Use
  1. Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD.
  2. Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts.
  3. 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
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
  1. MACD Calculation: Uses Exponential Moving Averages (EMA) to calculate the MACD line, Signal line, and Histogram.
  2. Higher Timeframe Support: Multiplier option to adjust MACD parameters for a broader trend perspective.
  3. Color-Coded Trend Visualization: Dynamic color changes based on MACD crossovers for easy trend identification.
  4. Optional Histogram: Toggle histogram visibility to see momentum shifts.
  5. Zero Line Reference: Helps visualize price movement at zero line.


How to Use
  1. Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD.
  2. Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts.
  3. 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

  1. Updated histogram style
  2. 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.

NonLinearRookie
Moving Average Convergence / Divergence (MACD)

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.
Moving Average Convergence / Divergence (MACD)

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.

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.