INVITE-ONLY SCRIPT
On Chart Reverse MACD Cross
Updated
The On Chart Reverse MACD Cross is a visual representation of the Reverse MACD Cross calculation which can be used to assist the end-user in their decision making for entry, exit and risk management, as well as freeing up space for the chart.
The On Chart Reverse MACD Cross, which very basically is a smoothed reverse engineered calculation of the MACD Signal Line gives the user a visual representation of the relationship between the current price and the MACD Signal Line instead of having to reference the MACD itself. At a glance this can then can be used to visually see on the chart the closing price level needed in order to cross the MACD either up or down.
Optional settings include:
-------------------------------
1.) Show/Hide the Reverse MACD Cross label
2.) Change the Reverse MACD Cross label text size
3.) Change the Reverse MACD Cross label left margin
4.) Show/hide the Reverse MACD Cross label currency
5.) Change the Reverse MACD Cross label decimal value
Please PM me to obtain access
The On Chart Reverse MACD Cross, which very basically is a smoothed reverse engineered calculation of the MACD Signal Line gives the user a visual representation of the relationship between the current price and the MACD Signal Line instead of having to reference the MACD itself. At a glance this can then can be used to visually see on the chart the closing price level needed in order to cross the MACD either up or down.
Optional settings include:
-------------------------------
1.) Show/Hide the Reverse MACD Cross label
2.) Change the Reverse MACD Cross label text size
3.) Change the Reverse MACD Cross label left margin
4.) Show/hide the Reverse MACD Cross label currency
5.) Change the Reverse MACD Cross label decimal value
Please PM me to obtain access
Release Notes
Under the hood tweaks for better performanceRelease Notes
Added the ability to change the MACD Cross Value Text Color in the settings to suit your chart style preferences.Release Notes
More under the hood tweaks for better performanceRelease Notes
Code tidy up, and performance tweaksRelease Notes
Code tidy upRelease Notes
Under the hood performance enhancements, as well as the addition of the on chart histogram, and histogram divergencePlease Note: When using the new "Show Histogram As Columns" feature the "Scale Price Chart Only" option of your chart must be selected in order to display this feature properly.
Release Notes
You asked, we listened! New settings to display either raw or smoothed on chart MACD cross data, as well as a number of visual and performance improvements.
Release Notes
Code Tidy upRelease Notes
Under the hood tweaks to the divergence algorithm to improve performanceRelease Notes
Under the hood performance enhancementsInvite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact lynchs for more information, or follow the author's instructions below.
Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Want to use this script on a chart?
Warning: please read before requesting access.
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.