OPEN-SOURCE SCRIPT
MACD_RD
MACD_RD - Moving Average Convergence Divergence (Ryan DeBraal)
This indicator plots a standard MACD along with a color-adaptive histogram and
integrated momentum-shift alerts. It preserves the normal MACD structure while
improving visual clarity and signal recognition.
FEATURES
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• Standard MACD Calculation
- Fast MA (12 by default)
- Slow MA (26)
- Signal line (9)
- Choice between SMA/EMA for both MACD and Signal smoothing
• Color-Changing Histogram
- Green shades for positive momentum
- Red shades for negative momentum
- Lighter/darker tones depending on whether momentum is increasing or fading
- 50% opacity for improved readability
• Crossover-Based MACD Line Coloring
- MACD line turns green on bullish cross (MACD > Signal)
- MACD line turns red on bearish cross (MACD < Signal)
- Default blue when no crossover occurs
• Momentum-Shift Alerts
- Alerts when histogram flips direction
PURPOSE
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This MACD version emphasizes momentum shifts and trend transitions by
highlighting subtle histogram changes and providing clean crossover visuals.
Ideal for:
• Identifying early momentum reversals
• Filtering breakout/trend setups
• Confirming trend continuation vs exhaustion
This indicator plots a standard MACD along with a color-adaptive histogram and
integrated momentum-shift alerts. It preserves the normal MACD structure while
improving visual clarity and signal recognition.
FEATURES
-----------------------------------------------------------------------------
• Standard MACD Calculation
- Fast MA (12 by default)
- Slow MA (26)
- Signal line (9)
- Choice between SMA/EMA for both MACD and Signal smoothing
• Color-Changing Histogram
- Green shades for positive momentum
- Red shades for negative momentum
- Lighter/darker tones depending on whether momentum is increasing or fading
- 50% opacity for improved readability
• Crossover-Based MACD Line Coloring
- MACD line turns green on bullish cross (MACD > Signal)
- MACD line turns red on bearish cross (MACD < Signal)
- Default blue when no crossover occurs
• Momentum-Shift Alerts
- Alerts when histogram flips direction
PURPOSE
-----------------------------------------------------------------------------
This MACD version emphasizes momentum shifts and trend transitions by
highlighting subtle histogram changes and providing clean crossover visuals.
Ideal for:
• Identifying early momentum reversals
• Filtering breakout/trend setups
• Confirming trend continuation vs exhaustion
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.