OPEN-SOURCE SCRIPT

MACD Zero Line Background + Alert

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█ OVERVIEW

This indicator colors the chart background based on whether the MACD line is above or below the zero line.

Green background: MACD line is above 0 (bullish)
Red background: MACD line is below 0 (bearish)

No need to watch the MACD panel — just glance at the chart background to know the current trend bias.

█ HOW IT WORKS

• Uses standard MACD settings (12, 26, 9)
• Background turns green when the MACD line is above zero
• Background turns red when the MACD line is below zero
• Background color transparency is set to 90% so it does not interfere with your candles

█ ALERTS

Two alert conditions are included:

• MACD Line Cross Above 0 Alert — triggers when MACD line crosses above zero (bullish shift)
• MACD Line Cross Below 0 Alert — triggers when MACD line crosses below zero (bearish shift)

█ NOTES

• This indicator tracks the MACD line (fast EMA minus slow EMA), not the signal line
• For signal line-based background coloring, see my other script: MACD Signal Line Background + Alert
• You can customize the background colors in the Style settings

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