MACD modification with PINE script

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1406 5
My goal was to combine MACD and PSAR into one easy to read line, hopefully I succeeded.

PINE script available here:

Questions or comments are welcome!
yep this looks great
Sweet.!!!. Thanks... could you do this for Fisher Transform and MACD?... I merge those two together all the time. It makes for a great change in trend indicator...
Are the red lines indicative of a strong force in the trend? An explanation would be cool.

Good work btw!
liw0 KPEI
Oh sorry forgot to add that the colors (Red and Green) change depending on if the Parabolic SAR is rising or falling. So if you believe that PSAR and MACD are good indicators it can be used quite profitably.
I just wanted less clutter on my chart and more open space, that's why I created the script.
+1 Reply
Damn, man, this is beautiful. Please explain to me what's going on the bottom and how it relates to the MACD. I know good and understanding the code.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out