OPEN-SOURCE SCRIPT
MACD Histogram Cross
The MACD Histogram Cross indicates where the histogram crosses the zero line and plots it on the candle chart. I use it with a fast moving average on smooth trending lower timeframes, and analysis on higher timeframes where price movement is more prominent. It is set to the standard MACD setting. Sometimes I use the 5,15,9 agressive setting. NOTE: This is only an indicator. It only indicates a swing in price action. Its not meant to be an entry signal or risk management although I use it in alerts. Use at own discretion. Trading is risky.
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.