This indicator calculates key support and resistance levels by analyzing the first and second momentum derivatives of a Double Exponential Moving Average (DEMA). When the second derivative (momentum of momentum) crosses zero, it identifies local turning points
Indicator · Pine Script v5 · On the chart
MACD-X Overlay, More Than MACD by DGT
This indicator plots an overlay version of the MACD directly on the main price chart alongside optional Zigzag multi-depth calculations and pivot analysis.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code1,506
Settings40inputs
LicenceNone stated
Last update9 months ago10 Jan 2026
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 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
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 calculates traditional, histogram-based, leader, or source-based MACD oscillators and displays signal line crossovers with highlighted background areas. Users can adjust MACD lengths, smoothing methods, vertical positioning, and Zigzag depth settings. Because it utilizes Zigzag and pivot features, historic points may repaint as new price data develops.
- Overlay MACD visual panel on main price chart
- Multiple MACD calculation methods including Leader and Source
- Multi-depth Zigzag lines and pivot detection
- Customizable oscillator height and vertical position
Details
Published by
webcrack4 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Trend, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| MACD Calculation Method | string | MACD-SOURCE | macdType |
| Fast Length | int | 12 | fast_length |
| Slow Length | int | 26 | slow_length |
| Source | source | close | source |
| Signal Smoothing | int | 9 | signal_length |
| Oscillator MA Type | string | EMA | sma_source |
| Signal Line MA Type | string | EMA | sma_signal |
| Display MACD/Signal Corsses | bool | true | macdSigCross |
| Highlight MACD/Signal Area | bool | true | highlight |
| Overlay Indicator Display Length | int | 200 | lookbackLength |
| Placement | string | Bottom | oscPlacement |
| Hight | int | 10 | Hight |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Vertical Indicator Position | int | 4 | verticalAdj |
| openSource | source | open | openSource |
| highSource | source | high | highSource |
| lowSource | source | low | lowSource |
| closeSource | source | close | closeSource |
| useZigzag1 | bool | true | useZigzag1 |
| zigzagLength1 | int | 8 | zigzagLength1 |
| depth1 | int | 55 | depth1 |
| useZigzag2 | bool | false | useZigzag2 |
| zigzagLength2 | int | 13 | zigzagLength2 |
| depth2 | int | 34 | depth2 |
| useZigzag3 | bool | false | useZigzag3 |
| zigzagLength3 | int | 21 | zigzagLength3 |
| depth3 | int | 21 | depth3 |
| useZigzag4 | bool | false | useZigzag4 |
| zigzagLength4 | int | 34 | zigzagLength4 |
| depth4 | int | 13 | depth4 |
| Number of Pivots | int | 5 | numberOfPivots |
| Error Threshold | float | 20.0 | errorThresold |
| Flat Threshold | float | 20.0 | flatThreshold |
| Last Pivot Direction | string | both | lastPivotDirection |
| Verify Bar Ratio | bool | true | checkBarRatio |
| barRatioLimit | float | 0.382 | barRatioLimit |
| Avoid Overlap | bool | true | avoidOverlap |
| Repaint | bool | false | repaint |
| Channels | bool | true | allowChannels |
| Wedge | bool | true | allowWedges |
| Triangle | bool | true | allowTriangles |
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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