[TL5 MACD] Moving Average Convergence Divergence is an enhanced version of the traditional Moving Average Convergence Divergence (MACD) indicator.
It preserves the standard MACD calculation but integrates:
RSI-based market bias
WMA-smoothed momentum confirmation
ALMA adaptive trend filtering
Short-term structure alignment via SMA(8)
Intelligent dynamic color logic
This design helps reduce weak crossovers and visually align momentum with structural trend context.
What Makes This Different from Default MACD?
This script does NOT modify the core MACD math.
Instead, it enhances how momentum is interpreted and visually communicated:
1️⃣ RSI Bias Background
RSI(14) above 50 → Bullish environment (Green background)
RSI(14) below 50 → Bearish environment (Red background)
This quickly identifies market regime.
2️⃣ WMA-Smoothed RSI
RSI is smoothed using WMA(14) to confirm momentum slope direction.
3️⃣ ALMA(30) Adaptive Trend Filter
ALMA reduces noise while maintaining responsiveness.
The zero line color reflects ALMA slope direction:
Blue → Trend rising
Red → Trend falling
4️⃣ SMA(8) Short-Term Momentum Alignment
Used to validate structural alignment before confirming MACD strength.
5️⃣ Dynamic Line Coloring
MACD and Signal line colors adapt based on:
SMA(8) slope
ALMA alignment
WMA(RSI) momentum slope
This helps visually filter weak signals.
How to Use
Strong Bullish Conditions
RSI > 50
SMA(8) above ALMA(30)
MACD & Signal turning green/lime
MACD above zero line
Strong Bearish Conditions
RSI < 50
SMA(8) below ALMA(30)
MACD & Signal turning red
MACD below zero line
Transitional Phases
Yellow / Gray colors indicate weakening momentum or structural disagreement.
Best Used For
Intraday trading
Trend continuation setups
Pullback entries within strong structure
Momentum confirmation alongside price action
Works well on:
Forex
Indices
Crypto
Commodities (especially trending instruments)
Inputs
Source
Fast Length
Slow Length
Signal Length
Oscillator MA type (EMA or SMA)
Signal MA type (EMA or SMA)
Notes
Histogram is available but hidden by default.
Core MACD calculation remains mathematically standard.
This script enhances interpretation, not the formula itself.
Not intended as standalone financial advice.
Disclaimer
This indicator is for educational purposes only.
Trading involves risk. Always use proper risk management.
Penunjuk Pine Script®






















