OPEN-SOURCE SCRIPT
Iceberg's MAC Indicator
Iceberg’s MAC Indicator combines multiple exponential moving averages (EMAs), stochastic momentum, and volume filters to identify strong trend reversals and continuation signals.
This hybrid trend-momentum tool uses short-, medium-, and long-term EMAs to map market structure across multiple time horizons. The indicator highlights potential bullish or bearish shifts when EMAs cross and stochastic momentum confirms direction, with optional volume-weighted confirmation for higher-confidence entries.
Features:
- Multi-layer EMA structure (5/21/55/200/377) for fast, slow, and macro trend alignment
- Stochastic filter to reduce false crossover signals
- Volume confirmation for added conviction (alerts only trigger on above-average volume)
- Visual trend shading on the chart background
- Buy/Sell labels and alert conditions for automated notifications
This hybrid trend-momentum tool uses short-, medium-, and long-term EMAs to map market structure across multiple time horizons. The indicator highlights potential bullish or bearish shifts when EMAs cross and stochastic momentum confirms direction, with optional volume-weighted confirmation for higher-confidence entries.
Features:
- Multi-layer EMA structure (5/21/55/200/377) for fast, slow, and macro trend alignment
- Stochastic filter to reduce false crossover signals
- Volume confirmation for added conviction (alerts only trigger on above-average volume)
- Visual trend shading on the chart background
- Buy/Sell labels and alert conditions for automated notifications
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.