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OPEN-SOURCE SCRIPT

MACD Histogram with Line and Midpoint (9,30, close,9)

By alexpunct
Updated
This way of looking at MACD is taught by TRI
Release Notes
Adde the ability to change the parameters and to hide/show the MACD and Signal lines
Release Notes
Removed character
Release Notes
Different colors for when the signal line is above 0 or below 0, indicating the trend
Release Notes
Changed the color to depend on MACD rather than signal in order to be slightly faster at identifying trend changes
Release Notes
Added divergences and being able to color the histogram by trend (disabled by default)
Release Notes
changed labels
histogramMoving Average Convergence / Divergence (MACD)macdhistogram

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.

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