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
94 lines of Pine Script v6 from indicators/oscillators/macd/macd.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
MACD = Moving Average Convergence Divergence allows users to select from five moving average types (SMA, EMA, WMA, VWMA, or RMA) for the fast, slow, and signal calculations. The indicator can plot crossover markers directly on the price chart with customizable shapes and sizes, display labels on the MACD pane, and output a status table panel in the chart corner.
Flexible MA types including SMA, EMA, WMA, VWMA, and RMA
Configurable signal markers plotted on price candles
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Length
int
12
fastLen
Type
string
EMA
fastType
Length
int
26
slowLen
Type
string
EMA
slowType
Length
int
9
sigLen
Type
string
EMA
sigType
Histogram
bool
true
showHist
Signals (markers on price)
bool
true
showSignals
BUY CLOSE / BUY OPEN markers
bool
false
showLabels
Status table
bool
true
showTable
Marker shape
string
Triangle
shapeName
Marker size
string
Small
sizeName
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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