MacD_MT v0.1 — Indicator by WonderTones

Moving Average Convergence / Divergence (MACD)

macd

MACD multiple time frame TomJones
15, 30, 45, 60, 120, 240 1440 minute curves

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

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Want to use this script on a chart?

study(title="MacD_MT", shorttitle="MacD_MT")

//@version=2
var_macd(tframe) =>
    source = close

    fastLength = input(12, minval=1)
    slowLength=input(26,minval=1)
    signalLength=input(9,minval=1)
    
    fastMA = sma(source, fastLength)
    slowMA = sma(source, slowLength)
    
    macd = fastMA - slowMA
    signal = sma(macd, signalLength)
    hist = macd - signal
    
    outMacD = security(tickerid, tframe, macd)
    outDiver = false
    sign = false
    
    [outMacD, outDiver, sign]

upliftval = 0

[m15, diver15, sign15] = var_macd("15")
plot(m15 + upliftval, color=#FF3800, title="MACD")

[m30, diver30, sign30] = var_macd("30")
plot(m30 + upliftval, color=aqua, title="MACD")

[m45, diver45, sign45] = var_macd("45")
plot(m45 + upliftval, color=teal, title="MACD")

[m60, diver60, sign60] = var_macd("60")
plot(m60 + upliftval, color=black, title="MACD")

[m120, diver120, sign120] = var_macd("120")
plot(m120 + upliftval, color=purple, title="MACD")

[m240, diver240, sign240] = var_macd("240")
plot(m240 + upliftval, color=green, title="MACD")

[m1440, diver1440, sign1440] = var_macd("1440")
plot(m1440 + upliftval, color=blue, title="MACD")

plot(upliftval, color=red)