Moving Average Convergence Diver…: Free TradingView Indicator (Pine Script)

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

26 lines of Pine Script v5 from Technical-Indicators/Technical Indicators are Here🤩/Moving-Average-Convergence-Divergence.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

Moving-Average-Convergence-Divergence.pine

//@version=5
indicator(title="Moving Average Convergence Divergence", shorttitle="MACD", timeframe="", timeframe_gaps=true)
// Getting inputs
fast_length = input(title="Fast Length", defval=12)
slow_length = input(title="Slow Length", defval=26)
src = input(title="Source", defval=close)
signal_length = input.int(title="Signal Smoothing",  minval = 1, maxval = 50, defval = 9)
sma_source = input.string(title="Oscillator MA Type",  defval="EMA", options=["SMA", "EMA"])
sma_signal = input.string(title="Signal Line MA Type", defval="EMA", options=["SMA", "EMA"])
// Plot colors
col_macd = input(#2962FF, "MACD Line  ", group="Color Settings", inline="MACD")
col_signal = input(#FF6D00, "Signal Line  ", group="Color Settings", inline="Signal")
col_grow_above = input(#26A69A, "Above   Grow", group="Histogram", inline="Above")
col_fall_above = input(#B2DFDB, "Fall", group="Histogram", inline="Above")
col_grow_below = input(#FFCDD2, "Below Grow", group="Histogram", inline="Below")
col_fall_below = input(#FF5252, "Fall", group="Histogram", inline="Below")
// Calculating
fast_ma = sma_source == "SMA" ? ta.sma(src, fast_length) : ta.ema(src, fast_length)
slow_ma = sma_source == "SMA" ? ta.sma(src, slow_length) : ta.ema(src, slow_length)
macd = fast_ma - slow_ma
signal = sma_signal == "SMA" ? ta.sma(macd, signal_length) : ta.ema(macd, signal_length)
hist = macd - signal
hline(0, "Zero Line", color=color.new(#787B86, 50))
plot(hist, title="Histogram", style=plot.style_columns, color=(hist>=0 ? (hist[1] < hist ? col_grow_above : col_fall_above) : (hist[1] < hist ? col_grow_below : col_fall_below)))
plot(macd, title="MACD", color=col_macd)
plot(signal, title="Signal", color=col_signal)

Overview

Moving Average Convergence Divergence subtracts a slow moving average of the source from a fast one, then smooths that difference into a signal line and draws the gap as a histogram. Fast and slow lengths, source, signal length, and SMA or EMA choices for both the oscillator and the signal change the calculation. Histogram colors show whether the histogram is rising or falling above or below zero. It does not generate trade entries or exits.

MACD line from fast and slow averages
SMA or EMA oscillator and signal
Signal smoothing length input
Four-color rising and falling histogram
Zero line in a separate pane

Details

Published by

TWODS-CAPITAL on GitHub

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

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.

File

Technical-Indicators/Technical Indicators are Here🤩/Moving-Average-Convergence-Divergence.pine

Repository

github.com/TWODS-CAPITAL/Trading-View-Indicators. See its other scripts in the library

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`	`fast_length`
Slow Length	`int`	`26`	`slow_length`
Source	`source`	`close`	`src`
Signal Smoothing	`int`	`9`	`signal_length`
Oscillator MA Type	`string`	`EMA`	`sma_source`
Signal Line MA Type	`string`	`EMA`	`sma_signal`
MACD Line	`color`	`#2962FF`	`col_macd`
Signal Line	`color`	`#FF6D00`	`col_signal`
Above Grow	`color`	`#26A69A`	`col_grow_above`
Fall	`color`	`#B2DFDB`	`col_fall_above`
Below Grow	`color`	`#FFCDD2`	`col_grow_below`
Fall	`color`	`#FF5252`	`col_fall_below`

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

Derivative Oscillator

by everget

948

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 v4 Oscillators & momentumMoving averages

Updated 10 days ago · GPL-3.0

Beep Boop

by magic8bot

409

This indicator calculates a modified MACD oscillator and signal line alongside a trend EMA filter, plotting the output as a stylized column histogram in a separate pane. Instead of plotting true MACD distance, it quantifies positive and negative histogram mome

Indicator v4 Oscillators & momentumTrend

Updated 3 years ago · MIT

MACD

by Alorse

330

This indicator calculates and plots the standard Moving Average Convergence Divergence oscillator in a separate pane. It computes the difference between a fast and slow moving average, derives a signal line through smoothing, and plots a histogram representing

Indicator v4 Oscillators & momentumMoving averages

Updated 2 months ago · None stated

MACD-V

by harryguiacorn

219

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 v5 Oscillators & momentumVolatility & bands

Updated 1 year ago · None stated

Multi-Timeframe Analysis Suite

by TradersPost

218

Multi-Timeframe Analysis Suite calculates trend direction and momentum conditions across five user-selected timeframes using moving averages, RSI, and Stochastic oscillators. It evaluates moving average slope and oscillator levels to compute trend alignment, m

Indicator v6 Screeners & dashboardsTrend

Updated 3 months ago · None stated

KamaFama

by Mastaaa1987

141

KamaFama is an indicator that translates a Freqtrade trading strategy into Pine Script for visualization. It combines Kaufman Adaptive Moving Average (KAMA), MAMA/FAMA calculations derived via Hilbert Transform, Williams %R, and correlation trend filters to ev

Indicator v6 Moving averagesOscillators & momentum

Updated 6 weeks ago · MIT

More indicators

Moving Average Convergence Divergence