OPEN-SOURCE SCRIPT
3D MACD Bar Plot [LuxAlgo]
The 3D MACD Bar Plot indicator provides a multi-dimensional visualization of MACD values across a user-defined range of fast and slow EMA lengths. By projecting these values into a 3D grid, the tool allows traders to observe momentum clusters and identify robust trends that persist across various parameter settings.
🔶 USAGE
The indicator aims to solve the problem of "parameter sensitivity" by showing the MACD histogram for many different settings simultaneously. Instead of looking at a single (12, 26, 9) MACD, users can see a surface of momentum.
🔹 Identifying Momentum Clusters
When the majority of the 3D bars are tall and colored with the bullish color, it indicates a "momentum cluster" where most EMA combinations agree on a strong uptrend. Conversely, a mix of small bullish and bearish bars suggests a choppy or transitioning market where different settings are providing conflicting signals.
🔹 Trend Robustness
A robust trend is visible when the entire 3D surface slopes steeply in one direction. If only a small corner of the grid (specific EMA combinations) is showing strength while the rest remains flat, the trend may be fragile or limited to a specific timeframe/sensitivity.
🔹 3D Projection
The script uses a pseudo-3D isometric projection.
🔶 DETAILS
The tool calculates a matrix of MACD values by iterating through the "Step" values provided in the settings. It then maps these values to a 2D coordinate system on the chart to create the illusion of depth.
To maintain performance and visual clarity, the script uses a snaking polyline algorithm to draw the grid and surface. The bars also feature dynamic transparency: bars further back in the "depth" of the 3D space are more transparent, helping the user focus on the overall shape of the momentum surface rather than individual lines.
🔶 SETTINGS
🔹 Grid Configuration
🔹 3D Projection Settings
🔹 Style
🔶 USAGE
The indicator aims to solve the problem of "parameter sensitivity" by showing the MACD histogram for many different settings simultaneously. Instead of looking at a single (12, 26, 9) MACD, users can see a surface of momentum.
🔹 Identifying Momentum Clusters
When the majority of the 3D bars are tall and colored with the bullish color, it indicates a "momentum cluster" where most EMA combinations agree on a strong uptrend. Conversely, a mix of small bullish and bearish bars suggests a choppy or transitioning market where different settings are providing conflicting signals.
🔹 Trend Robustness
A robust trend is visible when the entire 3D surface slopes steeply in one direction. If only a small corner of the grid (specific EMA combinations) is showing strength while the rest remains flat, the trend may be fragile or limited to a specific timeframe/sensitivity.
🔹 3D Projection
The script uses a pseudo-3D isometric projection.
- The Fast Axis represents variations in the Fast EMA length.
- The Slow Axis represents variations in the Slow EMA length.
- The Height (Z-axis) represents the resulting MACD value (Fast EMA - Slow EMA).
🔶 DETAILS
The tool calculates a matrix of MACD values by iterating through the "Step" values provided in the settings. It then maps these values to a 2D coordinate system on the chart to create the illusion of depth.
To maintain performance and visual clarity, the script uses a snaking polyline algorithm to draw the grid and surface. The bars also feature dynamic transparency: bars further back in the "depth" of the 3D space are more transparent, helping the user focus on the overall shape of the momentum surface rather than individual lines.
🔶 SETTINGS
🔹 Grid Configuration
- Fast Min/Max/Step: Defines the range and increments for the Fast EMA lengths used in the calculation.
- Slow Min/Max/Step: Defines the range and increments for the Slow EMA lengths used in the calculation.
🔹 3D Projection Settings
- Y Baseline Price: Adjusts the vertical anchor point of the 3D plot.
- X Spacing (bars): Controls the horizontal spread between the 3D grid points.
- Z Height: Scales the height of the MACD bars relative to the grid spacing.
🔹 Style
- Bullish/Bearish Color: Sets the colors for positive and negative MACD bars.
- Grid Color: Controls the color of the connecting surface lines and the base grid.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Build your own edge with AI: luxalgo.com
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Build your own edge with AI: luxalgo.com
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
All content provided by LuxAlgo is for informational & educational purposes only. Past performance does not guarantee future results.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.