[NLR] - MACD Overlay

١٩ مارس

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.

٢٠ مارس

ملاحظات الأخبار

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:
4. • 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.
     

٢٠ مارس

ملاحظات الأخبار

1. Updated histogram style
   
2. Added additional HMA to visualize trend direction
   

٢٠ مارس

ملاحظات الأخبار

Removed slow line from visualization

٢٠ مارس

ملاحظات الأخبار

Improved visualization to accurately show histogram and signal line

٢٠ مارس

ملاحظات الأخبار

added extra SMA

٢٠ مارس

ملاحظات الأخبار

updated chart with more explanation

٢٠ مارس

ملاحظات الأخبار

changed histogram style to improve visualization style

٢١ مارس

ملاحظات الأخبار

Removed SMA
Added option to enable/disable histogram color coding

٢١ مارس

ملاحظات الأخبار

Added option to smooth source
changed signal line style

٢١ مارس

ملاحظات الأخبار

keeping default multiplier to 1

٢٤ مارس

ملاحظات الأخبار

Changed signal line style

٤ أبريل

ملاحظات الأخبار

Modified to match styles with rest of MACD Overlay indicators