This indicator calculates pivot high and pivot low points on the price chart based on configurable left and right bar counts. Confirmed pivot highs and lows are plotted with negative bar offsets directly on the price chart using line and cross styles. Addition
Indicator · Pine Script v5 · On the chart
MACD-X Overlay More Than MACD
This indicator plots a custom MACD oscillator directly on the main price chart while incorporating multi-depth Zigzag pattern detection.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code1,725
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 supports four MACD calculation modes—Traditional, AS Histogram, Leader, and Source—with customizable fast, slow, and signal moving average lengths. Users can adjust the overlay's placement, height, and vertical alignment to fit below or above price action. Note that pattern detection modules may repaint historical lines and shapes as price updates.
- Overlaid MACD oscillator directly on the price chart
- Four MACD calculation methods including Leader and Histogram
- Customizable vertical height and placement alignment
- Multi-depth Zigzag inputs for chart pattern tracking
Details
Published by
webcrack4 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Moving averages, 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 | false | macdSigCross |
| Highlight MACD/Signal Area | bool | false | highlight |
| Overlay Indicator Display Length | int | 200 | lookbackLength |
| Placement | string | Bottom | oscPlacement |
| Hight | int | 7 | Hight |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Vertical Indicator Position | int | 3 | verticalAdj |
| Trend Length | int | 10 | length |
| Set Targets | int | 0 | target |
| 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 |
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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