Banmuxia MACD Divergence: Free TradingView Strategy (Pine Script)

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 strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

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

Banmuxia MACD Divergence identifies pivot highs and pivot lows on the MACD histogram to detect momentum divergences against price action. Historical pivot points and corresponding price levels are stored in dynamic arrays to evaluate continuous divergence patterns. Settings allow users to adjust fast, slow, and signal lengths, MA types, search ranges, and visual toggles. Drawn directly on the main price chart, it evaluates entry signals without default stop-loss or take-profit rules.

MACD histogram divergence detection via pivot highs and lows
Dynamic array tracking for historical pivot positions and price levels
Flexible fast, slow, and signal moving average configurations
ATR-based price lines and customizable chart overlay visuals

Details

Published by

wynnforthework on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

策略/开源分享/macd半木夏背离.txt

Repository

github.com/wynnforthework/quant-strategies-knowledge. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Fast Length	`int`	`13`	`fast_length`
Slow Length	`int`	`34`	`slow_length`
Source	`source`	`close`	`source`
Signal Smoothing	`int`	`9`	`signal_length`
Oscillator MA Type	`string`	`EMA`	`sma_source`
Signal Line MA Type	`string`	`EMA`	`sma_signal`
MACD Line	`color`	`#2962FF`	`col_macd`
Signal Line	`color`	`#FF6D00`	`col_signal`
Above Grow	`color`	`#26A69A`	`col_grow_above`
Fall	`color`	`#B2DFDB`	`col_fall_above`
Below Grow	`color`	`#FFCDD2`	`col_grow_below`
Fall	`color`	`#FF5252`	`col_fall_below`

Show all 26 settings

Setting	Type	Default	Variable
Show Pivot Points	`bool`	`true`	`showpivot`
Maximum Bars to Search	`int`	`5`	`max_search_vals`
bigger or less than previous pivot	`float`	`0.618`	`bigger_less_than`
Length	`int`	`13`	`length`
Smoothing	`string`	`RMA`	`smoothing`
Multiplier	`float`	`1.5`	`m`
src1	`source`	`high`	`src1`
src2	`source`	`low`	`src2`
Show Price Lines	`bool`	`true`	`pline`
ATR Text Color	`color`	`color.blue`	`col1`
Low Text Color	`color`	`color.teal`	`col2`
High Text Color	`color`	`color.red`	`col3`
Low Line Color	`color`	`color.teal`	`collong`
High Line Color	`color`	`color.red`	`colshort`

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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