OPEN-SOURCE SCRIPT

Updated

MACD Histogram with Line and Midpoint (9,30, close,9)

This way of looking at MACD is taught by TRI

Release Notes

Adde the ability to change the parameters and to hide/show the MACD and Signal lines

Release Notes

Removed character

Release Notes

Different colors for when the signal line is above 0 or below 0, indicating the trend

Release Notes

Changed the color to depend on MACD rather than signal in order to be slightly faster at identifying trend changes

Release Notes

Added divergences and being able to color the histogram by trend (disabled by default)

Release Notes

changed labels

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.