MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v4 · Own pane
MACD
This strategy calculates and plots the traditional Moving Average Convergence Divergence (MACD) line, signal line, and histogram in a separate pane.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code48
Settings12inputs
LicenceNone statedfile: MPL-2.0
Last update7 months ago5 Mar 2026
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 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
48 lines of Pine Script v4 from pine/work/macd.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © lavventura
//@version=4
strategy(title="MACD", shorttitle="MACD")
// Getting inputs
fast_length = input(title="Fast Length", type=input.integer, defval=12)
slow_length = input(title="Slow Length", type=input.integer, defval=26)
src = input(title="Source", type=input.source, defval=close)
signal_length = input(title="Signal Smoothing", type=input.integer, minval = 1, maxval = 50, defval = 9)
sma_source = input(title="Simple MA (Oscillator)", type=input.bool, defval=false)
sma_signal = input(title="Simple MA (Signal Line)", type=input.bool, defval=false)
// Plot colors
col_grow_above = #26A69A
col_grow_below = #FFCDD2
col_fall_above = #B2DFDB
col_fall_below = #EF5350
col_macd = #0094ff
col_signal = #ff6a00
// Calculating
fast_ma = sma_source ? sma(src, fast_length) : ema(src, fast_length)
slow_ma = sma_source ? sma(src, slow_length) : ema(src, slow_length)
macd = fast_ma - slow_ma
signal = sma_signal ? sma(macd, signal_length) : ema(macd, signal_length)
hist = macd - signal
plot(hist, title="Histogram", style=plot.style_columns, color=(hist>=0 ? (hist[1] < hist ? col_grow_above : col_fall_above) : (hist[1] < hist ? col_grow_below : col_fall_below) ), transp=0 )
plot(macd, title="MACD", color=col_macd, transp=0)
plot(signal, title="Signal", color=col_signal, transp=0)
// -----------------------------------------------------------------------------------------------------
hist_long = hist > 0
hist_short = hist < 0
fromYear = input(2020, "Backtest Start Year")
fromMonth = input(1, "Backtest Start Month")
fromDay = input(2, "Backtest Start Day")
testPeriodStart = timestamp(fromYear,fromMonth,fromDay,0,0)
thruYear = input(2021, "Backtest Stop Year")
thruMonth = input(12, "Backtest Stop Month")
thruDay = input(30, "Backtest Stop Day")
testPeriodStop = timestamp(thruYear,thruMonth,thruDay,0,0)
start = timestamp(fromYear, fromMonth, fromDay, 00, 00) // backtest start window
finish = timestamp(thruYear, thruMonth, thruDay, 23, 59) // backtest finish window
window() => time >= start and time <= finish ? true : false
strategy.entry("Long", strategy.long, when=window() and hist_long)
strategy.close("Long", when=window() and hist_short)
Overview
MACD enters a long position when the MACD histogram is above zero and closes the long position when the histogram drops below zero within a user-defined backtesting date range. Inputs allow customization of fast, slow, and signal lengths, along with toggling between exponential and simple moving averages. The strategy operates without a stop loss.
- Customizable fast, slow, and signal smoothing lengths
- Toggle between Simple and Exponential Moving Averages
- Color-coded MACD histogram
- Date-bounded backtesting window
Details
Published by
avatar-lavventura on GitHub
Code credit
lavventura, as written in the script's header
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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 | 12 | fast_length |
| Slow Length | int | 26 | slow_length |
| Source | source | close | src |
| Signal Smoothing | int | 9 | signal_length |
| Simple MA (Oscillator) | bool | false | sma_source |
| Simple MA (Signal Line) | bool | false | sma_signal |
| Backtest Start Year | int | 2020 | fromYear |
| Backtest Start Month | int | 1 | fromMonth |
| Backtest Start Day | int | 2 | fromDay |
| Backtest Stop Year | int | 2021 | thruYear |
| Backtest Stop Month | int | 12 | thruMonth |
| Backtest Stop Day | int | 30 | thruDay |
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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