MACD Overlay

MACD Overlay indicator plots the MACD directly on price. This helps you better understand the MACD indicator and filter the false signals.
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Sir, How do you color the bars, with an MTF option, thank you
Go Hushers
Excellent implementation. I've added this indicator to my Fully Loaded Taco!
Im wondering what would be the ideal period setting for 2m or 5m trades for the MACD indicator?
+1 Reply
how can i set this setting i don't know to about set code
please help to set this
n.bhaskar1993 Riteish021
@Riteish021, If you are refering to MACD code in the above comment, just copy and paste it in blank indicator script, save it and your indicator is ready.
yes sir
n.bhaskar1993 Kumaran1964
@Kumaran1964, This is the code for MACD Indicator:

src=input(close, title="Field")
s=input(26, minval=1, title="Slow")
f=input(12, minval=1, title="Fast")
si=input(9, minval=1, title="Signal")

fast=ema(src, f)
slow=ema(src, s)

signal=sma(macd, si)

pos_hist=max(0, hist)
neg_hist=min(0, hist)

plot(pos_hist, color=pos_hist>pos_hist?green:red, style=histogram, linewidth=3, title="Positive Histogram")
plot(neg_hist, color=neg_hist>neg_hist?green:red, style=histogram, linewidth=3, title="Negative Histogram")
p1=plot(macd, color=macd>macd?green:red, style=line, linewidth=2, title="MACD")
p2=plot(signal, color=signal>signal?green:red, style=line, linewidth=2, title="Signal")
fill(p1, p2, color=macd>signal ? green:red, title="FILL", transp=50)

ma_len=input(89, title="SMA")
ma=sma(macd, ma_len)

plot(ma, title="SMA", color=ma>ma?green:red, style=line, linewidth=1)
Kumaran1964 n.bhaskar1993

thanks a ton sir
how do i get the macd below the charts
+1 Reply
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