MACD with Directional Colors

This MACD indicator colors the MACD and signal lines according to the direction they are moving.

- Eliminates the histogram from the traditional MACD indicator.
- Uses a histogram for the MACD line.
- Includes Bollinger Bands for the MACD line to help detect squeezes
Release Notes: Current version removes unused bollinger band info.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

Want to use this script on a chart?