OPEN-SOURCE SCRIPT
Moving Average Convergence Divergence TIME
Overview
This is a customized MACD (Moving Average Convergence Divergence) indicator for TradingView, labeled "MACDH" on the chart, with a few enhancements beyond the stock MACD.
Core Components
MACD Calculation
Uses a fast moving average (default 12) and slow moving average (default 26), both configurable as EMA or SMA
MACD line = Fast MA − Slow MA
Signal line = moving average of the MACD line (default 9-period, EMA or SMA)
Histogram = MACD line − Signal line
Multi-Timeframe Support
You can calculate the MACD on a different timeframe than the chart itself (e.g., view 5-minute chart but calculate MACD on 1-hour data) via request.security
A "Wait for timeframe closes" toggle lets you choose between using the confirmed (closed) value of the higher timeframe or the live, repainting value
Color-Coded Histogram
Dark teal: histogram is positive and rising
Light teal: histogram is positive but falling
Light red: histogram is negative but rising
Dark red: histogram is negative and falling
This gives a quick visual read on momentum direction, not just above/below zero
Plots
Histogram as columns
MACD line
Signal line (orange)
Zero line for reference
Alerts
Fires when the histogram crosses from positive to negative ("rising to falling")
Fires when the histogram crosses from negative to positive ("falling to rising")
Timeframe Watermark
Displays a small label on the chart (e.g., "1H", "4H", "1D") showing which timeframe the MACD is actually being calculated on — useful since it can differ from the chart's own timeframe
Position (corner) and font size are both configurable
In short: it's a standard MACD with configurable multi-timeframe calculation, momentum-based histogram coloring, crossover alerts, and an on-chart label confirming which timeframe is driving the calculation.
This is a customized MACD (Moving Average Convergence Divergence) indicator for TradingView, labeled "MACDH" on the chart, with a few enhancements beyond the stock MACD.
Core Components
MACD Calculation
Uses a fast moving average (default 12) and slow moving average (default 26), both configurable as EMA or SMA
MACD line = Fast MA − Slow MA
Signal line = moving average of the MACD line (default 9-period, EMA or SMA)
Histogram = MACD line − Signal line
Multi-Timeframe Support
You can calculate the MACD on a different timeframe than the chart itself (e.g., view 5-minute chart but calculate MACD on 1-hour data) via request.security
A "Wait for timeframe closes" toggle lets you choose between using the confirmed (closed) value of the higher timeframe or the live, repainting value
Color-Coded Histogram
Dark teal: histogram is positive and rising
Light teal: histogram is positive but falling
Light red: histogram is negative but rising
Dark red: histogram is negative and falling
This gives a quick visual read on momentum direction, not just above/below zero
Plots
Histogram as columns
MACD line
Signal line (orange)
Zero line for reference
Alerts
Fires when the histogram crosses from positive to negative ("rising to falling")
Fires when the histogram crosses from negative to positive ("falling to rising")
Timeframe Watermark
Displays a small label on the chart (e.g., "1H", "4H", "1D") showing which timeframe the MACD is actually being calculated on — useful since it can differ from the chart's own timeframe
Position (corner) and font size are both configurable
In short: it's a standard MACD with configurable multi-timeframe calculation, momentum-based histogram coloring, crossover alerts, and an on-chart label confirming which timeframe is driving the calculation.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.