This indicator calculates the standard Moving Average Convergence Divergence (MACD) using 12, 26, and 9 period exponential moving averages, plotting the MACD line, signal line, and colored histogram in a separate pane.
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
Neural Network Sub 22 - Momentum - MACD identifies regular and hidden divergences by comparing price highs and lows with oscillator pivots. Divergence signals are plotted with labels offset by the pivot confirmation period. Designed as a feature module for neural network strategies, the script includes weight parameters for divergences, histogram pivots, and signal line crossovers.
Standard MACD line, signal line, and histogram calculation
Automated regular and hidden divergence detection
Pivot-based peak and trough identification
Configurable signal weights for neural network feature aggregation
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MACD Divergence Weight
int
1
macddivWeight
MACD Histogram Pivot Weight
int
1
histpivotWeight
MACD Cross Signal Weight
int
1
macdcrosssignalWeight
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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