OPEN-SOURCE SCRIPT
Updated MACD with BG
This is a standard MACD indicator with Background colour and the option to draw the Background colour of the next higher timeframe.
Release Notes
bug fixing and minor improvementsRelease Notes
MACD SignalLine cross 0 Background color addedMACD MacdLine cross 0 Background color added
MTF MACD SignalLine above/below 0 signal added
Release Notes
Some code improvement.Release Notes
MACD parameter added.MACD histogram based signals added.
Release Notes
Toolotips added.Release Notes
Minor changes.Release Notes
Code updated.Release Notes
Slope for SignalLine and MacdLine as background color added.Release Notes
Script converted to Pine v5.DMI ADX indicator added.
Release Notes
Screenshot issue.Release Notes
Attempts to create a consolidation filter added. The ADX looks promising. Added to strategies as signal and filter.Release Notes
Repainting option added.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.