MACD-V is a volatility-normalized momentum indicator based on research by Alex Spiroglou. It calculates the standard MACD histogram and normalizes it by dividing by the Average True Range (ATR). Plotted in a separate pane as a colored histogram, it includes us
Indicator · Pine Script v6 · Own pane
MMP v.17 Futures 30Min MGC
This indicator is tuned for 30-minute micro gold futures.
GitHub stars1on the repository
Pine versionv6current
Lines of code2,134
Settings40inputs
LicenceNone stated
Last update5 months ago24 May 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
MMP v.17 Futures 30Min MGC computes a Keltner-style band around a Hull-type moving average and draws a coloured cloud on the price chart. A separate pane shows a smoothed mountain-style oscillator and candles, while a four-line moving average ribbon can filter entries by ribbon and candle colour. Many settings control multipliers, smoothing lengths, colours and a UTC offset for time display. The input provided is partial, so signal rules are not fully visible.
- Keltner-style cloud band on the price chart
- Mountain oscillator and candles in a separate pane
- Four-line moving average ribbon with fill
- Optional ribbon and candle colour entry filter
- Adjustable UTC offset time display
Details
Published by
CHANDANNICK on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volatility & bands, Moving averages, Oscillators & momentum
Markets
Gold, Oil & commodities, Indices
Timeframes
M15-H1
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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show KeltMA Cloud Band | bool | true | showKeltBand |
| Inner Edge Multiplier | float | 0.8 | keltInnerMulty |
| Outer Edge Multiplier | float | 3.0 | keltOuterMulty |
| Inner Transparency (darkest) | int | 55 | keltInnerTrans |
| Outer Transparency (faded) | int | 95 | keltOuterTrans |
| Bullish Cloud Color | color | color.rgb(1, 93, 25) | keltBullCol |
| Bearish Cloud Color | color | #454545 | keltBearCol |
| Neutral Cloud Color | color | #454545 | keltNeutCol |
| Inner Edge Line Width | int | 1 | keltEdgeWidth |
| UTC Offset Minutes (IST=330) | int | 330 | utcOffsetMin |
| Fast: Drop Factor (cdf) | int | 8 | mt_cdf |
| Fast: Smooth 1 (n1) | int | 3 | mt_n1 |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast: Smooth 2 (n2) | int | 6 | mt_n2 |
| Show b5 (osc) | bool | true | showB5 |
| Show Mountain Candles (osc) | bool | true | showCandle |
| Drop Factor (cdf) | int | 8 | cdf |
| EMA n1 | int | 3 | n1 |
| Show MA Ribbon on Chart | bool | true | showMaRibbon |
| Fill MA Ribbon Bands | bool | true | fillMa |
| Ribbon Transparency | int | 80 | fillTranspMa |
| Filter Entry with Ribbon + Candle Color | bool | true | useRibbonFilter |
| Bullish Trend (Full Up) | color | color.lime | maBullCol |
| Bearish Trend (Full Down) | color | color.red | maBearCol |
| Transition Up (Cyan) | color | color.aqua | maTransUp |
| Transition Down (Pink) | color | color.fuchsia | maTransDn |
| MA 1 (Fast) | int | 7 | maLen1 |
| MA 2 (Fast) | int | 9 | maLen2 |
| MA 3 (Slow) | int | 21 | maLen3 |
| MA 4 (Slow) | int | 34 | maLen4 |
| Visual Mountain | string | Mountain2 (Fast) | mtVisMode |
| Match Mountain Candles to Price Candle Colors | bool | true | matchMountainColor |
| Enable Price Candle Re-Plot | bool | true | pcEnable |
| Color Wicks/Border Also (normal) | bool | true | pcWicks |
| 🎨 EMA Band Candle Color (bypasses all) | bool | false | pcEmaBandOverride |
| Disagree: V9 RED + FAST GREEN => WHITE | bool | true | pcWhiteOn_v9Red_fastGreen |
| Disagree: V9 GREEN + FAST RED => CYAN | bool | true | pcCyanOn_v9Green_fastRed |
| WHITE candle color | color | #ff00a6 | pcWhiteCol |
| CYAN candle color | color | color.aqua | pcCyanCol |
| Use Legacy Mountain for dots & values | bool | true | useLegacyB5ForValues |
| Show b5 value text | bool | false | showB5Val |
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.
Similar Pine Scripts
MultiIndicator combines multiple technical indicators into a single separate pane to save chart space. It calculates and displays market regime detection based on ordinary least squares regression, a Holt exponential smoothing crossover, normalized RSI, ADX, a
PPO ATR Bands plots a percentage price oscillator in a separate pane. It compares a Hull average of typical price with a volume-weighted exponential average of Parabolic SAR, then scales three true-range bands around the slow average into matching oscillator l
The 8-Factor Composite Screener evaluates equities across fundamental and technical criteria, including valuation ratios, earnings and revenue growth, 12-month return momentum, proximity to 52-week highs, Stage 2 moving average alignment, benchmark relative st
This indicator plots a relative strength index in a separate pane. It calculates RSI from the average of the previous ten opens rather than the current bar, so that source does not change during the live candle. A moving average of the RSI is plotted and can b
Normalized Volatility Adjusted Relative Strength compares the chart symbol against a benchmark instrument such as SPY while adjusting for price volatility. The indicator calculates individual ATR-normalized price changes for both assets over a specified lookba
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers