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alexpunct

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

alexpunct Updated   
Moving Average Convergence / Divergence (MACD) histogram macdhistogram
375
5
macd histogram macdhistogram
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 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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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