Jerry MACD: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
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

104 lines of Pine Script v5 from Tradingview/jerry-macd.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

jerry-macd.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
indicator("Jerry_MACD", overlay = false)

// @keywords: jerry-macd, macd-histogram, signal-line, per-symbol-threshold, zero-line-cross, bullish-bearish-labels, symbol-mapping, custom-entry-level, histogram-columns, crossover-signal, dashboard-table, macd-settings, histogram-bubbles, multi-symbol-config, momentum-oscillator, pane-indicator, fast-slow-signal, symbol-dashboard, histogram-cross, entry-threshold

// symbol settings
other_entry = input.float(0.01, title = 'All Other Symbols         ', group = 'Symbols', inline = '1', step = 0.1)


input_symbol1 = input.symbol('SPY', title = 'Symbol 1', group = 'Symbols', inline = '2')
symbol1_entry = input.float(0.30, title = '', group = 'Symbols', inline = '2', step = 0.1)

input_symbol2 = input.symbol('QQQ', title = 'Symbol 2', group = 'Symbols', inline = '3')
symbol2_entry = input.float(0.25, title = '', group = 'Symbols', inline = '3', step = 0.1)

input_symbol3 = input.symbol('IWM', title = 'Symbol 3', group = 'Symbols', inline = '4')
symbol3_entry = input.float(0.15, title = '', group = 'Symbols', inline = '4', step = 0.1)

input_symbol4 = input.symbol('TSLA', title = 'Symbol 4', group = 'Symbols', inline = '5')
symbol4_entry = input.float(0.5, title = '', group = 'Symbols', inline = '5', step = 0.1)

input_symbol5 = input.symbol('AAPL', title = 'Symbol 5', group = 'Symbols', inline = '6')
symbol5_entry = input.float(0.5, title = '', group = 'Symbols', inline = '6', step = 0.1)

input_symbol6 = input.symbol('AAPL', title = 'Symbol 6', group = 'Symbols', inline = '7')
symbol6_entry = input.float(0.5, title = '', group = 'Symbols', inline = '7', step = 0.1)

input_symbol7 = input.symbol('AAPL', title = 'Symbol 7', group = 'Symbols', inline = '8')
symbol7_entry = input.float(0.5, title = '', group = 'Symbols', inline = '8', step = 0.1)

input_symbol8 = input.symbol('AAPL', title = 'Symbol 8', group = 'Symbols', inline = '9')
symbol8_entry = input.float(0.5, title = '', group = 'Symbols', inline = '9', step = 0.1)

input_symbol9 = input.symbol('AAPL', title = 'Symbol 9', group = 'Symbols', inline = '10')
symbol9_entry = input.float(0.5, title = '', group = 'Symbols', inline = '10', step = 0.1)

input_symbol10 = input.symbol('AAPL', title = 'Symbol 10', group = 'Symbols', inline = '11')
symbol10_entry = input.float(0.5, title = '', group = 'Symbols', inline = '11', step = 0.1)


// macd settings
macd_fastlength = input.int(12, title = 'Fast Length ', group = 'MACD Settings', inline = '1')
macd_slowlength = input.int(26, title = 'Slow Length ', group = 'MACD Settings', inline = '2')
macd_length = input.int(5, title = 'MACD Length', group = 'MACD Settings', inline = '3')


// function to calculate macd
[macdLine, signalLine, histLine] = ta.macd(close, macd_fastlength, macd_slowlength, macd_length)

map_symbol = syminfo.ticker(syminfo.tickerid) == syminfo.ticker(input_symbol1)  ? 1 :
     syminfo.ticker(syminfo.tickerid)  == syminfo.ticker(input_symbol2)  ? 2 :
     syminfo.ticker(syminfo.tickerid)  == syminfo.ticker(input_symbol3)  ? 3 :
     syminfo.ticker(syminfo.tickerid) == syminfo.ticker(input_symbol4)  ? 4 :
     syminfo.ticker(syminfo.tickerid) == syminfo.ticker(input_symbol5)  ? 5 :
     syminfo.ticker(syminfo.tickerid) == syminfo.ticker(input_symbol6)  ? 6 :
     syminfo.ticker(syminfo.tickerid) == syminfo.ticker(input_symbol7)  ? 7 :
     syminfo.ticker(syminfo.tickerid) == syminfo.ticker(input_symbol8)  ? 8 :
     syminfo.ticker(syminfo.tickerid) == syminfo.ticker(input_symbol9)  ? 9 :
     syminfo.ticker(syminfo.tickerid) == syminfo.ticker(input_symbol10)  ? 10 :
      0

ZeroLine_Positive = map_symbol == 1 ? symbol1_entry : 
     map_symbol == 2 ? symbol2_entry :
     map_symbol == 3 ? symbol3_entry :
     map_symbol == 4 ? symbol4_entry :
     map_symbol == 5 ? symbol5_entry :
     map_symbol == 6 ? symbol6_entry :
     map_symbol == 7 ? symbol7_entry :
     map_symbol == 8 ? symbol8_entry :
     map_symbol == 9 ? symbol9_entry :
     map_symbol == 10 ? symbol10_entry :
      other_entry

plot(ZeroLine_Positive, "+ Zero Line", color=color.new(#787B86, 0))
plot(-ZeroLine_Positive, "- Zero Line", color=color.new(#787B86, 0))
plot(histLine, title="Histogram", style=plot.style_columns, color=(histLine>=0 ? (histLine[1] < histLine ? color.new(#26A69A,0) : color.new(#B2DFDB,0)) : (histLine[1] < histLine ? color.new(#FF5252,0) : color.new(#FFCDD2,0))))
plot(macdLine, title="MACD", color=color.new(#2962FF,0))
plot(signalLine, title="Signal", color=color.new(#FF6D00,0))

show_signal_bubbles = input.bool(true, title = 'Show Signal Bubbles', group = 'MACD Settings', inline = '4')
upsignal = ta.crossover(histLine, ZeroLine_Positive)
downsignal = ta.crossunder(histLine, -ZeroLine_Positive)
plotshape(show_signal_bubbles and upsignal ? macdLine : na, title = 'Bearish', location = location.absolute, color = color.red,
      text = 'Bearish', style = shape.labeldown, textcolor = color.white)
plotshape(show_signal_bubbles and downsignal ? macdLine : na, title = 'Bullish', location = location.absolute, color = color.green,
      text = 'Bullish', style = shape.labelup, textcolor = color.white)
     
LabelSize = input.string(defval="small", options=["small", "medium", "large"], group = "Dashboard Settings", title = "Label Size", inline = '1')
label_size = LabelSize == "small" ? size.small : LabelSize == "medium" ? size.normal : LabelSize == "large" ? size.large : size.small

var table = table.new(position = position.bottom_right, columns = 4, rows = 1, border_width = 1)
if barstate.islast
    table.cell(table_id = table, column = 0, row = 0, text = "CHART SYMBOL: " + str.tostring(syminfo.ticker) + " #" + str.tostring(map_symbol),
     bgcolor = color.yellow, text_color = color.black, text_size = label_size)

    table.cell(table_id = table, column = 1, row = 0, text = histLine > 0 ? "MACD BULLISH" : histLine < 0 ? "MACD BEARISH" : "",
      bgcolor = histLine > 0 ? color.green : histLine < 0 ? color.red : color.black, text_color = color.black, text_size = label_size)

    table.cell(table_id = table, column = 2, row = 0, text = "Best " + str.tostring(syminfo.ticker) + " signals are near zero & dash lines",
     bgcolor = color.white, text_color = color.black, text_size = label_size)

Overview

Jerry MACD calculates a standard Moving Average Convergence Divergence line, signal line, and histogram using fast, slow, and signal lengths. The indicator features symbol-specific entry threshold mapping, allowing users to define custom threshold trigger levels for up to ten individual ticker symbols or use a default value for unlisted instruments. It generates visual signal bubbles on the chart when histogram threshold conditions are met. Users can customize MACD parameters, symbol threshold mappings, and label formatting.

Standard MACD line and histogram calculation
Symbol-specific entry threshold mapping
Visual signal bubbles on threshold triggers
Customizable fast, slow, and signal lengths

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Markets

Stocks

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.

File

Tradingview/jerry-macd.pine

Repository

github.com/g-moe/Trading-Indicators. 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
All Other Symbols	`float`	`0.01`	`other_entry`
Symbol 1	`symbol`	`SPY`	`input_symbol1`
symbol1_entry	`float`	`0.30`	`symbol1_entry`
Symbol 2	`symbol`	`QQQ`	`input_symbol2`
symbol2_entry	`float`	`0.25`	`symbol2_entry`
Symbol 3	`symbol`	`IWM`	`input_symbol3`
symbol3_entry	`float`	`0.15`	`symbol3_entry`
Symbol 4	`symbol`	`TSLA`	`input_symbol4`
symbol4_entry	`float`	`0.5`	`symbol4_entry`
Symbol 5	`symbol`	`AAPL`	`input_symbol5`
symbol5_entry	`float`	`0.5`	`symbol5_entry`
Symbol 6	`symbol`	`AAPL`	`input_symbol6`

Show all 26 settings

Setting	Type	Default	Variable
symbol6_entry	`float`	`0.5`	`symbol6_entry`
Symbol 7	`symbol`	`AAPL`	`input_symbol7`
symbol7_entry	`float`	`0.5`	`symbol7_entry`
Symbol 8	`symbol`	`AAPL`	`input_symbol8`
symbol8_entry	`float`	`0.5`	`symbol8_entry`
Symbol 9	`symbol`	`AAPL`	`input_symbol9`
symbol9_entry	`float`	`0.5`	`symbol9_entry`
Symbol 10	`symbol`	`AAPL`	`input_symbol10`
symbol10_entry	`float`	`0.5`	`symbol10_entry`
Fast Length	`int`	`12`	`macd_fastlength`
Slow Length	`int`	`26`	`macd_slowlength`
MACD Length	`int`	`5`	`macd_length`
Show Signal Bubbles	`bool`	`true`	`show_signal_bubbles`
Label Size	`string`	`small`	`LabelSize`

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.

Similar Pine Scripts

Derivative Oscillator

by everget

948

The Derivative Oscillator calculates a double-exponentially smoothed Relative Strength Index (RSI) and subtracts its Simple Moving Average (SMA) to form the main oscillator line. A secondary signal line is plotted using an SMA of the main oscillator values. Th

Indicator v4 Oscillators & momentumMoving averages

Updated 10 days ago · GPL-3.0

Beep Boop

by magic8bot

409

This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome

Indicator v4 Oscillators & momentumTrend

Updated 3 years ago · MIT

MACD

by Alorse

330

This indicator calculates and plots the standard Moving Average Convergence Divergence oscillator in a separate pane. It computes the difference between a fast and slow moving average, derives a signal line through smoothing, and plots a histogram representing

Indicator v4 Oscillators & momentumMoving averages

Updated 2 months ago · None stated

MACD-V

by harryguiacorn

219

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 v5 Oscillators & momentumVolatility & bands

Updated 1 year ago · None stated

Multi-Timeframe Analysis Suite

by TradersPost

218

Multi-Timeframe Analysis Suite calculates trend direction and momentum conditions across five user-selected timeframes using moving averages, RSI, and Stochastic oscillators. It evaluates moving average slope and oscillator levels to compute trend alignment, m

Indicator v6 Screeners & dashboardsTrend

Updated 3 months ago · None stated

KamaFama

by Mastaaa1987

141

KamaFama is an indicator that translates a Freqtrade trading strategy into Pine Script for visualization. It combines Kaufman Adaptive Moving Average (KAMA), MAMA/FAMA calculations derived via Hilbert Transform, Williams %R, and correlation trend filters to ev

Indicator v6 Moving averagesOscillators & momentum

Updated 6 weeks ago · MIT

More indicators

Jerry MACD