Asymmetrical RSI is an indicator that computes a custom relative strength index from the rate of change of a user-selected source. It plots the resulting ARSI line in a separate pane with color coding that turns green above the overbought level and red below t
Indicator · Pine Script v6 · Own pane
MACD Histogram
This indicator calculates the standard MACD from the close using fast and slow lengths and a signal length.
GitHub stars3on the repository
Pine versionv6current
Lines of code24
Settings7inputs
LicenceGPL-3.0
Last updatetoday28 Oct 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
24 lines of Pine Script v6 from src/script_manager/demos/MACD Histogram.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// Example script bundled with DegenView. Edit it freely.
// MACD with a four-colour histogram: strong colours while momentum is growing,
// faded colours while it fades.
indicator("MACD Histogram", overlay = false)
fastLength = input.int(12, "Fast length", minval = 1, group = "MACD")
slowLength = input.int(26, "Slow length", minval = 2, group = "MACD")
signalLength = input.int(9, "Signal length", minval = 1, group = "MACD")
risingUp = input.color(color.new(color.teal, 0), "Above zero, rising", group = "Colors")
fadingUp = input.color(color.new(color.teal, 60), "Above zero, fading", group = "Colors")
risingDown = input.color(color.new(color.red, 0), "Below zero, falling", group = "Colors")
fadingDown = input.color(color.new(color.red, 60), "Below zero, fading", group = "Colors")
[macdLine, signalLine, histogram] = ta.macd(close, fastLength, slowLength, signalLength)
growing = histogram > histogram[1]
histogramColor = histogram >= 0 ? (growing ? risingUp : fadingUp) : (growing ? fadingDown : risingDown)
plot(histogram, "Histogram", style = plot.style_columns, color = histogramColor)
plot(macdLine, "MACD", color = color.blue)
plot(signalLine, "Signal", color = color.orange)
hline(0, "Zero", color = color.gray)
Overview
MACD Histogram plots the MACD line, the signal line, and a column histogram in a separate pane, plus a zero line. Histogram bars use four colors that distinguish rising and fading momentum above and below zero. The main settings change the three MACD lengths and those four histogram colors. It does not generate entry or exit signals.
- Four-colour MACD histogram
- MACD and signal line plots
- Adjustable fast, slow, and signal lengths
- Zero reference line
- Separate-pane column histogram
Details
Published by
degenview on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum
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
bitcoinchartscryptopinestocktradingtradingview
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 length | int | 9 | signalLength |
| Above zero, rising | color | color.new(color.teal, 0) | risingUp |
| Above zero, fading | color | color.new(color.teal, 60) | fadingUp |
| Below zero, falling | color | color.new(color.red, 0) | risingDown |
| Below zero, fading | color | color.new(color.red, 60) | fadingDown |
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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