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
Trend Analyzer MACD Enhanced compares price extremes over the last twenty bars with MACD and RSI to flag bullish and bearish divergences, colours the background by trend and marks trend changes. A weighted signal strength score blends MACD, RSI and volume on a scale from negative to positive, and an information table summarises each component. Lengths, RSI levels and the volume threshold are adjustable, and some display labels are in Czech.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MACD Fast Length
int
12
macdFastLength
MACD Slow Length
int
26
macdSlowLength
MACD Signal Length
int
9
macdSignalLength
RSI Length
int
14
rsiLength
RSI Overbought Level
int
70
rsiOverbought
RSI Oversold Level
int
30
rsiOversold
Volume MA Length
int
20
volumeLength
Volume Threshold Multiplier
float
1.5
volumeThreshold
Zobrazit RSI
bool
true
showRSI
Zobrazit Volume
bool
true
showVolume
Zobrazit tabulku
bool
true
showTable
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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