OPEN-SOURCE SCRIPT

MTF MACD Bar

Updated
OVERVIEW
This indicator shows MACD(Moving Average Convergence/Divergence) is up or down, represented by a bar. This indicator is compatible with MTF.

CONCEPTS
What do you want to know about market analysis?
Do you want a hard analysis? You can look for it.
All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'.
All I want to know is whether the current market price is going up or down. Not only for the current, but also for the monthly, weekly, and daily status.
I want to make a decision in a moment. Without even thinking about it.
That is why I created a color-coded bar indicator to show the status.
No need to frown anymore.

DETAILS
You need more information about MACD, click here.
tradingview.com/chart/?solution=43000502344

MACD histogram Green ⇒ Bar is green.
MACD histogramRed ⇒ Bar is red.
Release Notes
MTFのときのずれを修正
Moving Average Convergence / Divergence (MACD)multitimeframe

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.

Want to use this script on a chart?


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