OPEN-SOURCE SCRIPT
MACD Zero Line Background + Alert
█ 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
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
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.