OPEN-SOURCE SCRIPT
Updated MACD Histogram with Line and Midpoint (9,30, close,9)
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 linesRelease Notes
Removed characterRelease Notes
Different colors for when the signal line is above 0 or below 0, indicating the trendRelease Notes
Changed the color to depend on MACD rather than signal in order to be slightly faster at identifying trend changesRelease Notes
Added divergences and being able to color the histogram by trend (disabled by default)Release Notes
changed labelsOpen-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.