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MACD Breakout builds a higher-timeframe MACD from preset fast and slow lengths using SMA or EMA, and marks support and resistance zones from histogram sensitivity. Optional filters require zero-line agreement, higher-timeframe direction, and linear-regression
Indicator · Pine Script v4 · Own pane
Uabmacd
The script plots a WaveTrend oscillator in a separate pane, calculating TCI as an EMA of a normalized price deviation and its 4-bar SMA.
GitHub stars2on the repository
Pine versionv4older, still runs
Lines of code165
Settings21inputs
LicenceNone stated
Last update7 months ago5 Mar 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
Uabmacd displays overbought and oversold levels with colored circles for WT1-WT2 crossovers and bar coloring on crossover bars. Inputs set backtest windows and oscillator parameters including channel length, average length, and momentum filter options. The indicator signals potential trend shifts via crossover events.
- WaveTrend oscillator
- cross signals
- overbought oversold levels
- barcolor on crossover
- backtest window
Details
Published by
avatar-lavventura on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, Support & resistance
Markets
Crypto
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Backtest Start Year | int | 2021 | fromYear |
| Backtest Start Month | int | 5 | fromMonth |
| Backtest Start Day | int | 17 | fromDay |
| Backtest Stop Year | int | 2021 | thruYear |
| Backtest Stop Month | int | 12 | thruMonth |
| Backtest Stop Day | int | 30 | thruDay |
| Channel Length | int | 10 | n1 |
| Average Length | int | 21 | n2 |
| Over Bought Level 1 | int | 60 | obLevel1 |
| Over Bought Level 2 | int | 53 | obLevel2 |
| Over Sold Level 1 | int | -60 | osLevel1 |
| Over Sold Level 2 | int | -53 | osLevel2 |
Show all 21 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| BB Length | int | 12 | length |
| BB MultFactor | float | 2.0 | mult |
| KC Length | int | 16 | lengthKC |
| KC MultFactor | float | 1.5 | mult_kc |
| Filter for Momenutum value | bool | false | useMomAverage |
| Min for momentum | int | 20 | MomentumMin |
| Stop Loss | int | 600 | stop_loss |
| Take Profit | int | 1000 | take_profit |
| Trailing Stop | int | 20 | trailing_stop |
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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