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 · Pine Script v6 · Own pane
MACD
This indicator calculates and plots the standard Moving Average Convergence Divergence oscillator in a separate chart pane.
GitHub stars1on the repository
Pine versionv6current
Lines of code15
Settings5inputs
LicenceMIT
Last update7 weeks ago8 Sep 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 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
15 lines of Pine Script v6 from backend/internal/pineruntime/sources/macd.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("MACD", overlay = false)
fastLength = input.int(12, "Fast Length", minval = 1, maxval = 500)
slowLength = input.int(26, "Slow Length", minval = 1, maxval = 500)
signalLength = input.int(9, "Signal Smoothing", minval = 1, maxval = 200)
macdColor = input.color(#2962ff, "MACD")
signalColor = input.color(#ff9800, "Signal")
fast = ta.ema(close, fastLength)
slow = ta.ema(close, slowLength)
macd = fast - slow
signal = ta.ema(macd, signalLength)
hist = macd - signal
plot(macd, "macd", color = macdColor, linewidth = 2)
plot(signal, "signal", color = signalColor, linewidth = 2)
plot(hist, "hist", color = #787b86, style = plot.style_histogram)
Overview
MACD computes a fast exponential moving average and a slow EMA, derives the MACD line from their difference, and calculates a smoothed signal line alongside a difference histogram. Users can customize the fast length, slow length, signal smoothing period, and line colors. It functions purely as a visual momentum oscillator and does not generate automated signals.
- Standard MACD oscillator calculation
- Signal line smoothing via exponential moving average
- Difference histogram plotting
- Configurable EMA periods and signal lengths
- Customizable plot line colors
Details
Published by
DEVfancybear on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages
Markets
Any symbol
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.
Topics
tradingviewalgorithmic-tradinggolangmarket-replaymetatrader5mt5nextjspostgresqlreactrisk-management
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 | fastLength |
| Slow Length | int | 26 | slowLength |
| Signal Smoothing | int | 9 | signalLength |
| MACD | color | #2962ff | macdColor |
| Signal | color | #ff9800 | signalColor |
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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