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 v6 · Own pane
MACD Histogram Reversal
A strategy based on MACD with adjustable fast, slow and signal lengths and a selectable source.
GitHub stars1on the repository
Pine versionv6current
Lines of code32
Settings4inputs
LicenceApache-2.0
Last update6 days ago23 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 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
32 lines of Pine Script v6 from validation/ta-macd-histogram-reversal-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 01 — MACD histogram reversal
// Purpose: parity test for ta.macd() tuple-return + crossover-driven entry.
//
//@version=6
strategy("MACD Histogram Reversal", overlay=false, initial_capital=1000000, process_orders_on_close=false, pyramiding=1, commission_type=strategy.commission.percent, commission_value=0, slippage=0, default_qty_type=strategy.fixed, default_qty_value=1)
// === Inputs ===
fastLen = input.int(12, "Fast Length", minval=1)
slowLen = input.int(26, "Slow Length", minval=1)
signalLen = input.int(9, "Signal Length", minval=1)
src = input.source(close, "Source")
// === MACD Calculation (tuple return) ===
[macdLine, signalLine, histLine] = ta.macd(src, fastLen, slowLen, signalLen)
// === Signal: MACD line crosses signal line ===
longCond = ta.crossover(macdLine, signalLine)
shortCond = ta.crossunder(macdLine, signalLine)
// === Entries ===
if longCond
strategy.entry("Long", strategy.long)
if shortCond
strategy.entry("Short", strategy.short)
plot(histLine, "Histogram", style=plot.style_histogram, color=histLine >= 0 ? color.green : color.red)
plot(macdLine, "MACD", color=color.blue)
plot(signalLine, "Signal", color=color.orange)
Overview
Despite its name, entries come from the MACD line crossing the signal line: long on a cross up, short on a cross down, reversing the position. The histogram, MACD line and signal line are plotted in a separate pane, with histogram colour showing sign. It has no stop loss or take profit.
- MACD line and signal line crossover entries
- Colour-coded histogram plot
- Adjustable fast, slow, signal lengths
- Long and short reversals
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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 | fastLen |
| Slow Length | int | 26 | slowLen |
| Signal Length | int | 9 | signalLen |
| Source | source | close | src |
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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