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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 v5 · Own pane
MACD Signal Turn
MACD Signal Turn calculates standard Moving Average Convergence Divergence (MACD) and signal lines using exponential moving averages.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code11
Settings3inputs
LicenceMIT
Last update2 weeks ago16 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
11 lines of Pine Script v5 from backend/app/pine/examples/macd_turn.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
indicator("MACD signal turn")
fastLen = input.int(12, title="fast")
slowLen = input.int(26, title="slow")
sigLen = input.int(9, title="signal")
line1 = ta.ema(close, fastLen) - ta.ema(close, slowLen)
sig = ta.ema(line1, sigLen)
bull = ta.crossover(line1, sig) and line1 < 0
bear = ta.crossunder(line1, sig) and line1 > 0
plotshape(bull, title="macd_bull_below_zero", location=location.belowbar)
plotshape(bear, title="macd_bear_above_zero", location=location.abovebar)
Overview
MACD Signal Turn identifies bullish crossovers that occur while the MACD line is below zero and bearish crossunders that take place while the MACD line is above zero. The indicator plots signal markers in a separate pane to highlight these specific momentum turns. Users can adjust the fast, slow, and signal lengths.
- Standard MACD line and signal line calculations
- Bullish crossover detection below zero
- Bearish crossunder detection above zero
- Customizable fast, slow, and signal periods
Details
Published by
quantxaashish on GitHub
Type
Draws
Separate pane below the chart
Category
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| fast | int | 12 | fastLen |
| slow | int | 26 | slowLen |
| signal | int | 9 | sigLen |
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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