OPEN-SOURCE SCRIPT

RSI + MACD

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I got tired of burning two indicator slots on RSI and MACD, so I put both into one script. Same classic RSI and MACD you already know, just stacked in a single pane so you only use one slot.

What it does

RSI sits on the bottom (0 to 100) with the usual 30, 50 and 70 levels and the shaded band between 30 and 70. MACD sits on top with the MACD line, signal line and the four-color histogram that shows whether momentum is building or fading. Both use the standard TradingView colors and formulas, nothing custom or modified.

How it works

A script can only live in one pane, so I stacked them instead. RSI uses its normal 0 to 100 scale. MACD is auto-scaled to fit its own band above RSI, based on its recent range, and the lookback for that is adjustable in the settings. The numbers on the price axis aren’t the real MACD values because of that scaling. The actual RSI, MACD, signal and histogram readings are in the status line at the top of the pane, so you always see the true numbers.

Settings

RSI length and source (default 14, close)
MACD fast, slow and signal lengths (default 12, 26, 9)
MACD scale lookback (default 200 bars), which controls how tall the MACD swings look

Alerts included

MACD crossing above or below the signal line
RSI moving back above 30 or back below 70

How to use it

Use it the same way you would use RSI and MACD separately. Look at MACD crosses and histogram momentum for trend and timing, and RSI for overbought and oversold conditions. It works best when you look for the two agreeing with each other, like a MACD bullish cross while RSI is coming up out of oversold.

Heads up

This is a standard RSI and MACD, so it isn’t a signal generator on its own. Both indicators lag and can give false signals in choppy markets, so use it alongside your own analysis and risk management. This is for educational purposes only and isn’t financial advice.

If you find it useful, a like or a comment helps. Let me know if you want any changes or additions.

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