Indicator · Pine Script v5 · On the chart

MACD-X Overlay, More Than MACD by DGT

by webcrack4

This indicator projects an on-chart overlay of the MACD oscillator directly onto the main price pane rather than in a separate window.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code98
Settings13inputs
LicenceNone stated
Last update9 months ago10 Jan 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

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

MACD-X Overlay, More Than MACD by DGT supports four calculation modes: traditional MACD, MACD-as-histogram, leader MACD, and source MACD. Users can adjust moving average lengths, switch between EMA and SMA for lines, and configure chart placement, vertical positioning, and display lookback length. Optional highlights identify crossover points between the MACD and signal line, accompanied by alert conditions for trade opportunities.

Details

Published by

webcrack4 on GitHub

Type

Indicator, Pine Script v5

Draws

On the price 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.

Settings

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

SettingTypeDefaultVariable
MACD Calculation MethodstringMACD-SOURCEmacdType
Fast Lengthint12fast_length
Slow Lengthint26slow_length
Sourcesourceclosesource
Signal Smoothingint9signal_length
Oscillator MA TypestringEMAsma_source
Signal Line MA TypestringEMAsma_signal
Display MACD/Signal CorssesboolfalsemacdSigCross
Highlight MACD/Signal Areaboolfalsehighlight
Overlay Indicator Display Lengthint200lookbackLength
PlacementstringBottomoscPlacement
Hightint7Hight
Show all 13 settings
SettingTypeDefaultVariable
Vertical Indicator Positionint3verticalAdj
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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