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
Koncord + MACD calculates Koncorde using a mixture of the Relative Strength Index (RSI), Money Flow Index (MFI), Bollinger Bands oscillator, Stochastic oscillator, Positive Volume Index (PVI), and Negative Volume Index (NVI). Concurrently, it computes a scaled MACD line, signal line, and histogram. Inputs allow users to adjust moving average lengths, toggles, scaling factors, and vertical gap offsets to display both scripts stacked neatly within a single sub-pane.
Combined Koncorde index and MACD oscillator
Volume-based tracking with PVI and NVI
Composite indicator using RSI, MFI, and Stochastics
Custom vertical offsets for clear multi-indicator layout
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Koncorde
bool
true
showkoncorde
KONCORDE - Gap
int
-50
deltaKon
MADC
bool
true
showmacd
MACD - Gap
int
300
deltaMacd
MACD - Scale
int
17
multMacd
MACD - Fast Length
int
12
fast_length
MACD - Slow Length
int
26
slow_length
MACD - Source
source
close
src
MACD - Signal Smoothing
int
9
signal_length
MACD - Simple MA(Oscillator)
bool
false
sma_source
MACD - Simple MA(Signal Line)
bool
false
sma_signal
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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