OPEN-SOURCE SCRIPT
MACD by EV
MACD is a clean, beginner-friendly MACD built for fast momentum reading without clutter. It plots the MACD line, signal line, and a histogram that can be color-coded by momentum strength (rising vs falling) to make trend shifts obvious at a glance. An optional trend regime highlight marks when MACD is above or below zero, and simple markers can be enabled for MACD/Signal crosses, zero-line crosses, or both. The script also includes ready-to-use alerts for every cross type so you can automate notifications and catch momentum changes in real time.
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.
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.
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.