This indicator plots a multi-timeframe Moving Average Convergence Divergence (MACD) oscillator with a signal line and customizable histogram in a separate pane.
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
CM MacD Ult MTF features a four-color histogram that reflects whether momentum is accelerating or decelerating above or below the zero line, optional color shifts on the MACD line, and circle markers at signal line crossovers. Users can adjust the fast, slow, and signal lengths, switch between the current chart resolution and a custom timeframe, and toggle individual visual elements.
Multi-timeframe resolution support
Four-color directional MACD histogram
MACD and signal line crossover dot plots
Dynamic line color changes based on crosses
Customizable fast, slow, and signal smoothing periods
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Use Current Chart Resolution?
bool
true
useCurrentRes
Use Different Timeframe? Uncheck Box Above
timeframe
60
resCustom
Show MacD & Signal Line? Also Turn Off Dots Below
bool
true
smd
Show Dots When MacD Crosses Signal Line?
bool
true
sd
Show Histogram?
bool
true
sh
Change MacD Line Color-Signal Line Cross?
bool
true
macd_colorChange
MacD Histogram 4 Colors?
bool
true
hist_colorChange
fastLength
int
12
fastLength
slowLength
int
26
slowLength
signalLength
int
9
signalLength
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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