MACD Strategy: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
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

The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.

Overview

Comments say the script keeps MACD values available and can draw a histogram and zero line in a separate pane, with an optional overlay on price. Settings choose percent-of-equity, fixed-contract, or risk-based size, an optional take-profit ratio, and a moving-average period labeled for stops. Markers, trade labels, alerts, and debug tables can be toggled. No market or timeframe is specified.

Fast and slow MACD length inputs
Optional risk-reward take profit
Percent, fixed, or risk-based sizing
MACD pane or price-chart overlay
Alerts, labels, and debug table

Details

Published by

TradersPost on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

projects/macd-86-strategy.pine

Repository

github.com/TradersPost/pinescript-agents. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Fast MA Length	`int`	`12`	`fastLength`
Slow MA Length	`int`	`26`	`slowLength`
Signal Line Length	`int`	`9`	`signalLength`
Stop Loss MA Period	`int`	`200`	`stopLossMA`
Enable Take Profit	`bool`	`true`	`useTakeProfit`
Risk/Reward Ratio	`float`	`2.0`	`riskRewardRatio`
Position Size Type	`string`	`Percent of Equity`	`positionSizeType`
Position Size (%/Contracts)	`float`	`10.0`	`positionSize`
Risk Per Trade (%)	`float`	`2.0`	`riskPercent`
Show MACD on Chart	`bool`	`false`	`showMACDOnChart`
Show MACD in Separate Pane	`bool`	`true`	`showMACDPane`
Show Stop Loss MA	`bool`	`true`	`showStopLoss`

Show all 23 settings

Setting	Type	Default	Variable
Show Entry/Exit Signals	`bool`	`true`	`showSignals`
Show Trade Labels	`bool`	`true`	`showTradeLabels`
Bull Signal Color	`color`	`color.green`	`bullColor`
Bear Signal Color	`color`	`color.red`	`bearColor`
Stop Loss MA Color	`color`	`color.orange`	`stopLossColor`
MACD Line Color	`color`	`color.blue`	`macdColor`
Signal Line Color	`color`	`color.red`	`signalColor`
Enable Alerts	`bool`	`true`	`enableAlerts`
Show MACD Debug Values	`bool`	`false`	`showDebugTable`
Show MACD Debug Labels	`bool`	`false`	`showDebugLabels`
Max Debug Labels	`int`	`10`	`debugMaxLabels`

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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