OPEN-SOURCE SCRIPT
Zaktualizowano

[NLR] - MACD Overlay

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Overview

This script is an enhanced version of the classic MACD indicator, designed to be plotted directly on the price chart as an overlay. It provides a visual representation of trend direction by coloring moving averages, a zero reference line, and an optional histogram. The script allows for a higher timeframe MACD calculation through a configurable multiplier.

Features
  1. MACD Calculation: Uses Exponential Moving Averages (EMA) to calculate the MACD line, Signal line, and Histogram.
  2. Higher Timeframe Support: Multiplier option to adjust MACD parameters for a broader trend perspective.
  3. Color-Coded Trend Visualization: Dynamic color changes based on MACD crossovers for easy trend identification.
  4. Optional Histogram: Toggle histogram visibility to see momentum shifts.
  5. Zero Line Reference: Helps traders interpret trend direction and strength.


How to Use
  1. Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD.
  2. Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts.
  3. Interpret the Signals:
    • Uptrend (Lime): Fast EMA is above Slow EMA.
    • Downtrend (Fuchsia): Fast EMA is below Slow EMA.
    • Histogram Changes: Increasing histogram bars indicate growing momentum, while decreasing bars suggest weakening momentum.
Informacje o Wersji
Overview

This script is an enhanced version of the classic MACD indicator, designed to be plotted directly on the price chart as an overlay. It provides a visual representation of trend direction by coloring moving averages, a zero reference line, and an optional histogram. The script allows for a higher timeframe MACD calculation through a configurable multiplier.

Features
  1. MACD Calculation: Uses Exponential Moving Averages (EMA) to calculate the MACD line, Signal line, and Histogram.
  2. Higher Timeframe Support: Multiplier option to adjust MACD parameters for a broader trend perspective.
  3. Color-Coded Trend Visualization: Dynamic color changes based on MACD crossovers for easy trend identification.
  4. Optional Histogram: Toggle histogram visibility to see momentum shifts.
  5. Zero Line Reference: Helps visualize price movement at zero line.


How to Use
  1. Customize Inputs: Adjust Fast, Slow, and Signal lengths as needed. Modify the multiplier to view a higher timeframe MACD.
  2. Enable Histogram: Use the "Show Histogram" toggle to display additional visual cues for momentum shifts.
  3. Interpret the Signals:
    • Uptrend (Lime): Fast EMA is above Slow EMA.
    • Downtrend (Fuchsia): Fast EMA is below Slow EMA.
    • Histogram Changes: Increasing histogram bars indicate growing momentum, while decreasing bars suggest weakening momentum.
Informacje o Wersji

  1. Updated histogram style
  2. Added additional HMA to visualize trend direction
Informacje o Wersji
Removed slow line from visualization
Informacje o Wersji
Improved visualization to accurately show histogram and signal line
Informacje o Wersji
added extra SMA
Informacje o Wersji
updated chart with more explanation
Informacje o Wersji
changed histogram style to improve visualization style
Informacje o Wersji
Removed SMA
Added option to enable/disable histogram color coding
Informacje o Wersji
Added option to smooth source
changed signal line style
Informacje o Wersji
keeping default multiplier to 1
Informacje o Wersji
Changed signal line style
Informacje o Wersji
Modified to match styles with rest of MACD Overlay indicators

Wyłączenie odpowiedzialności

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