OPEN-SOURCE SCRIPT
MACD Advanced [CongTrader]
MACD Indicator [CongTrader]
📖 Overview
The MACD Indicator [CongTrader] is an advanced and user-friendly version of the classic MACD.
It enhances the original indicator with customizable features, improved visualization, and alert options to help traders quickly identify momentum shifts and trend changes.
✨ Key Features
Customizable MACD Parameters: Adjustable Fast EMA, Slow EMA, and Signal length.
Histogram Visualization: Clear bullish vs. bearish momentum with color-coded bars.
Crossover Highlighting: Background shading and optional labels (MACD↑ / MACD↓) at bullish or bearish crossovers.
Alerts: Built-in alert conditions for crossovers.
Zero Line Option: Toggle on/off zero line for cleaner charts.
⚡ How It Helps
This indicator makes it easier to:
Detect momentum shifts earlier.
Visually separate bullish vs. bearish phases.
Automate notifications with alerts.
✅ Notes
This tool is designed for visual analysis and alerts, not for automated trading.
Works on any market (crypto, stocks, forex, futures).
⚠️ Disclaimer
This script is for educational and informational purposes only.
It does not provide financial advice or guarantee profitability.
Use at your own risk. Always test thoroughly before applying to live trading.
🙏 Credits
Developed by CongTrader.
Thanks to the TradingView community for support and inspiration..
📖 Overview
The MACD Indicator [CongTrader] is an advanced and user-friendly version of the classic MACD.
It enhances the original indicator with customizable features, improved visualization, and alert options to help traders quickly identify momentum shifts and trend changes.
✨ Key Features
Customizable MACD Parameters: Adjustable Fast EMA, Slow EMA, and Signal length.
Histogram Visualization: Clear bullish vs. bearish momentum with color-coded bars.
Crossover Highlighting: Background shading and optional labels (MACD↑ / MACD↓) at bullish or bearish crossovers.
Alerts: Built-in alert conditions for crossovers.
Zero Line Option: Toggle on/off zero line for cleaner charts.
⚡ How It Helps
This indicator makes it easier to:
Detect momentum shifts earlier.
Visually separate bullish vs. bearish phases.
Automate notifications with alerts.
✅ Notes
This tool is designed for visual analysis and alerts, not for automated trading.
Works on any market (crypto, stocks, forex, futures).
⚠️ Disclaimer
This script is for educational and informational purposes only.
It does not provide financial advice or guarantee profitability.
Use at your own risk. Always test thoroughly before applying to live trading.
🙏 Credits
Developed by CongTrader.
Thanks to the TradingView community for support and inspiration..
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.