OPEN-SOURCE SCRIPT
MACD with Candle Display
MACD Calculation:
Uses user-defined Fast Length, Slow Length, and Signal Smoothing parameters to compute MACD.
Supports SMA (Simple Moving Average) or EMA (Exponential Moving Average) for the MACD line and signal line
Histogram-Based Candle Coloring:
The script categorizes histogram bars into four states:
0 (Very Bullish) → Green
1 (Likely Bearish) → Blue
2 (Likely Bullish) → Orange
3 (Very Bearish) → Red
Histogram Plot:
Displays histogram bars with distinct colors based on price momentum changes.
Market Sentiment Display in Status Line & Price Scale:
Instead of adding a label on the chart (which could obstruct candles), a text display is shown in the price scale and status line:
"0 Very Bullish"
"1 Likely Bearish"
"2 Likely Bullish"
"3 Very Bearish"
The text appears in the top-right corner with white font on a black background.
Purpose:
This indicator enhances the standard MACD by incorporating candle coloring and a cleaner sentiment display in the price scale, helping traders quickly interpret market momentum without cluttering the chart.
Uses user-defined Fast Length, Slow Length, and Signal Smoothing parameters to compute MACD.
Supports SMA (Simple Moving Average) or EMA (Exponential Moving Average) for the MACD line and signal line
Histogram-Based Candle Coloring:
The script categorizes histogram bars into four states:
0 (Very Bullish) → Green
1 (Likely Bearish) → Blue
2 (Likely Bullish) → Orange
3 (Very Bearish) → Red
Histogram Plot:
Displays histogram bars with distinct colors based on price momentum changes.
Market Sentiment Display in Status Line & Price Scale:
Instead of adding a label on the chart (which could obstruct candles), a text display is shown in the price scale and status line:
"0 Very Bullish"
"1 Likely Bearish"
"2 Likely Bullish"
"3 Very Bearish"
The text appears in the top-right corner with white font on a black background.
Purpose:
This indicator enhances the standard MACD by incorporating candle coloring and a cleaner sentiment display in the price scale, helping traders quickly interpret market momentum without cluttering the chart.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.