OPEN-SOURCE SCRIPT
Top Dog Trading - MACD
Custom MACD Histogram optimized for Top Dog Trading. This lightweight, optimized Pine Script v6 indicator modifies the classic MACD histogram to track pure momentum slope direction as taught in the Top Dog Trading methodologies.Standard MACD indicators switch colors based on whether the histogram is above or below the zero line. This version completely ignores the zero line, focus-firing instead on bar-by-bar acceleration and deceleration.Core Logic:Green Bars: Momentum is accelerating upward (current bar is higher than the previous bar).Red Bars: Momentum is accelerating downward (current bar is lower than the previous bar).Key Features:Fully compliant with Pine Script v6 syntax.Completely adjustable colors via user inputs to match light or dark chart styles.Ideal for filtering out counter-momentum entries and aligning trades with short-term energy shifts.
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.