OPEN-SOURCE SCRIPT

AA_MACD_MTF Indicator

Enhanced by Aalwattar 01/04/2025

//Created by user ChrisMoody updated 4-10-2014
// Key Enhancements Compared to the Original ChrisMoody Script:
// 1. Improved Visuals:
// - Adjusted crossover dots for better alignment and reduced size.
// - Added green and red color coding for crossover dots to indicate bullish and bearish conditions.
// 2. Enhanced Histogram:
// - Updated bullish histogram colors to more contrasting shades of green for better differentiation.
// - Retained red and maroon for bearish conditions.
// 3. Usability Enhancements:
// - Multi-Timeframe support for flexibility in aligning MACD with custom or chart timeframes.
// - User-configurable display options for MACD lines, histogram, and crossover dots.
// 4. Alerts Integration:
// - Added alerts for bullish and bearish MACD crossovers.
// 5. Cleaner Scaling:
// - Adjusted visual elements for improved readability without excessive zooming.
Momentum Indicator (MOM)multitimeframeTrend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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