Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v6 · Own pane
Volume MACD Histogram
A separate-pane indicator, short title Vol MACD, that applies the MACD calculation to volume instead of price.
GitHub stars1on the repository
Pine versionv6current
Lines of code78
Settings4inputs
LicenceNone stated
Last update2 days ago27 Oct 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
Volume MACD Histogram takes a fast and a slow moving average of volume, subtracts them to form the MACD line, smooths that with a signal average and plots the difference as a histogram. The average type is selectable from EMA, DEMA, SMMA, WMA, DWMA, VIDYA, FRAMA and linear regression, and the fast, slow and signal lengths are adjustable. Columns are coloured by sign and whether the histogram is rising or falling. It has a zero line and gives no entry or exit rules.
- MACD calculated on volume
- Eight moving average types
- Histogram coloured by sign and direction
- Adjustable fast, slow and signal lengths
Details
Published by
ankurksoni on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volume, Oscillators & momentum
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| MA Type | string | EMA | maType |
| Fast Length | int | 12 | fastLength |
| Slow Length | int | 26 | slowLength |
| Signal Length | int | 9 | signalLength |
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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