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
This indicator implements a standard Moving Average Convergence Divergence oscillator plotted in a separate pane.
GitHub stars6on the repository
Pine versionv5runs as is
Lines of code25
Settings3inputs
LicenceMIT
Last update5 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 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
25 lines of Pine Script v5 from strategies/ai-macd.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
// Source: TradingView Built-in Indicator (MACD)
// Attribution: Standard MACD implementation matching TradingView's built-in indicator
// Used as input for AI-powered strategy conversion
//@version=5
indicator("MACD", overlay=false)
fastLength = input.int(12, "Fast Length", minval=1)
slowLength = input.int(26, "Slow Length", minval=1)
signalLength = input.int(9, "Signal Smoothing", minval=1)
fastMA = ta.ema(close, fastLength)
slowMA = ta.ema(close, slowLength)
macdLine = fastMA - slowMA
signalLine = ta.ema(macdLine, signalLength)
histogram = macdLine - signalLine
plot(macdLine, color=color.blue, title="MACD")
plot(signalLine, color=color.orange, title="Signal")
plot(histogram, color=histogram >= 0 ? color.green : color.red, style=plot.style_histogram, title="Histogram")
Additional instructions:
- This is a standard MACD crossover strategy. Enter when MACD crosses above signal, exit when it crosses below.
- Use ta.crossover() and ta.crossunder() for clean signal detection.
- The strategy enters/exits on the next candle open after the condition is met.
Overview
MACD calculates fast and slow exponential moving averages of the closing price, derives the MACD line from their difference, and smooths it to create a signal line. A colored histogram displays the difference between the MACD and signal lines. Users can configure the fast length, slow length, and signal smoothing periods. It serves as a base indicator template for automated strategy conversion.
- Exponential moving average calculations
- Configurable fast and slow smoothing lengths
- Signal smoothing line
- Color-coded histogram display
Details
Published by
trsdn on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages
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
ai-scrumalgorithmic-tradingbacktestingbitcoinbollinger-bandscryptopine-scriptpythonquantitative-financestrategy
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 Smoothing | int | 9 | signalLength |
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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