by 
MACD-V is a volatility-normalized momentum indicator based on research by Alex Spiroglou. It calculates the standard MACD histogram and normalizes it by dividing by the Average True Range (ATR). Plotted in a separate pane as a colored histogram, it includes us
Indicator · Pine Script v5 · Own pane
ARC VMAlgo
ARC VMAlgo is an indicator that plots a histogram in a separate pane.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code151
Settings13inputs
LicenceNone stated
Last update8 months ago16 Feb 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
ARC VMAlgo calculates volatility bands using a Bollinger-style SMA and standard deviation. It computes a MACD-style momentum oscillator with fast and slow EMAs. It normalizes distance to bands using ATR for swing detection. An optional EMA crossover filter can be enabled for confirmation. Main settings control band period, std dev multiplier, EMA periods, and visualization options. The indicator draws the histogram on the chart for momentum analysis.
- Volatility Bands
- Momentum Oscillator
- Distance-to-Band
- EMA Crossover
- Histogram
Details
Published by
Tradehook-org on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Band Period | int | 20 | bandPeriod |
| StdDev Multiplier | float | 2.0 | stdDevNumber |
| Fast Period | int | 12 | fastPeriod |
| Slow Period | int | 26 | slowPeriod |
| Signal Period | int | 9 | signalPeriod |
| Swing Strength (ATR) | int | 14 | swingStrength |
| Momentum-Distance Mult | float | 1.0 | multiplierMD |
| Distance-to-Band Mult | float | 1.0 | multiplierDTB |
| Enable EMA Crossover | bool | true | enableEmaCrossover |
| Fast EMA Period | int | 9 | fastEmaPeriod |
| Slow EMA Period | int | 21 | slowEmaPeriod |
| Show Bands on Main Chart | bool | false | showBands |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Histogram | bool | true | showHistogram |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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