OPEN-SOURCE SCRIPT
Mis à jour

[NLR] - MACD Overlay

7 571
Overview

This script is an enhanced version of the classic MACD indicator, designed to be plotted directly on the price chart as an overlay. It provides a visual representation of trend direction by coloring moving averages, a zero reference line, and an optional histogram. The script allows for a higher timeframe MACD calculation through a configurable multiplier.

Features
  1. MACD Calculation: Uses Exponential Moving Averages (EMA) to calculate the MACD line, Signal line, and Histogram.
  2. Higher Timeframe Support: Multiplier option to adjust MACD parameters for a broader trend perspective.
  3. Color-Coded Trend Visualization: Dynamic color changes based on MACD crossovers for easy trend identification.
  4. Optional Histogram: Toggle histogram visibility to see momentum shifts.
  5. Zero Line Reference: Helps traders interpret trend direction and strength.


How to Use
  1. Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD.
  2. Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts.
  3. Interpret the Signals:
    • Uptrend (Lime): Fast EMA is above Slow EMA.
    • Downtrend (Fuchsia): Fast EMA is below Slow EMA.
    • Histogram Changes: Increasing histogram bars indicate growing momentum, while decreasing bars suggest weakening momentum.
Notes de version
Overview

This script is an enhanced version of the classic MACD indicator, designed to be plotted directly on the price chart as an overlay. It provides a visual representation of trend direction by coloring moving averages, a zero reference line, and an optional histogram. The script allows for a higher timeframe MACD calculation through a configurable multiplier.

Features
  1. MACD Calculation: Uses Exponential Moving Averages (EMA) to calculate the MACD line, Signal line, and Histogram.
  2. Higher Timeframe Support: Multiplier option to adjust MACD parameters for a broader trend perspective.
  3. Color-Coded Trend Visualization: Dynamic color changes based on MACD crossovers for easy trend identification.
  4. Optional Histogram: Toggle histogram visibility to see momentum shifts.
  5. Zero Line Reference: Helps visualize price movement at zero line.


How to Use
  1. Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD.
  2. Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts.
  3. Interpret the Signals:
    • Uptrend (Lime): Fast EMA is above Slow EMA.
    • Downtrend (Fuchsia): Fast EMA is below Slow EMA.
    • Histogram Changes: Increasing histogram bars indicate growing momentum, while decreasing bars suggest weakening momentum.
Notes de version

  1. Updated histogram style
  2. Added additional HMA to visualize trend direction
Notes de version
Removed slow line from visualization
Notes de version
Improved visualization to accurately show histogram and signal line
Notes de version
added extra SMA
Notes de version
updated chart with more explanation
Notes de version
changed histogram style to improve visualization style
Notes de version
Removed SMA
Added option to enable/disable histogram color coding
Notes de version
Added option to smooth source
changed signal line style
Notes de version
keeping default multiplier to 1
Notes de version
Changed signal line style
Notes de version
Modified to match styles with rest of MACD Overlay indicators

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.