This indicator calculates several variants of the MACD oscillator, including Traditional, Histogram, Leader, and Source methods, and overlays the oscillator directly on the price 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
v5 Combination plots shape labels for MACD and signal line crossovers, while rendering histogram bars and oscillator lines using drawing objects positioned relative to recent price bounds. Settings allow users to adjust fast and slow moving average lengths, MA smoothing methods, vertical overlay offsets, lookback range, and visual colors.
Multiple MACD calculation methods including Leader and Source
Main chart overlay display of oscillator lines and histograms
Customizable fast, slow, and signal moving average types
Visual crossover shape labels and early warning alerts
Adjustable vertical positioning and lookback window scale
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MACD Calculation Method
string
MACD-SOURCE
macdType
Fast Length
int
12
fast_length
Slow Length
int
26
slow_length
Source
source
close
source
Signal Smoothing
int
9
signal_length
Oscillator MA Type
string
EMA
sma_source
Signal Line MA Type
string
EMA
sma_signal
Display MACD/Signal Corsses
bool
true
macdSigCross
Highlight MACD/Signal Area
bool
true
highlight
Overlay Indicator Display Length
int
200
lookbackLength
Placement
string
Bottom
oscPlacement
Hight
int
10
Hight
Show all 37 settings
Setting
Type
Default
Variable
Vertical Indicator Position
int
4
verticalAdj
Trend Length
int
10
length
Set Targets
int
0
target
Trend Length
int
100
ftclength
Channel Width
float
3
multi
Index of future price
int
5
extend
Up
color
#16d897
color_up
Dn
color
#da853f
color_dn
ATR Length
int
10
sslength
Factor Range
int
1
minMult
maxMult
int
5
maxMult
Step
float
.5
step
Performance Memory
float
10
perfAlpha
From Cluster
string
Best
fromCluster
Maximum Iteration Steps
int
1000
maxIter
Historical Bars Calculation
int
10000
maxData
Trailing Stop
color
color.red
bearCss
bullCss
color
color.teal
bullCss
AMA
color
color.new(color.red, 50)
amaBearCss
amaBullCss
color
color.new(color.teal, 50)
amaBullCss
Candle Coloring
bool
true
showGradient
Show Signals
bool
true
showSignals
Show Dashboard
bool
true
showDash
Location
string
Top Right
dashLoc
Size
string
Small
textSize
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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