MACD Area on Chart w/ Divergence

vor 7 Stunden

MACD Area & Divergence Suite

This is an all-in-one MACD analysis tool that overlays key information directly onto your price chart, helping you visualize momentum and potential trend changes.

Instead of looking at a separate indicator pane, this script brings all the critical data to your main chart.

Features

MACD Histogram Area: The script calculates the cumulative value (the "area") of the MACD histogram for each cycle (from one signal line cross to the next).

Cycle Boxes: It draws a border around the price bars that correspond to each positive (green) and negative (red) MACD histogram cycle.

Area Labels: Displays the calculated area value in the center of each box.

MACD Zero-Line Cross: Automatically draws a vertical dashed line when the main MACD line (not the histogram) crosses the zero line, signaling a major momentum shift.

Full Divergence Detection: This is the core feature. The script automatically finds, draws, and labels both types of divergence:

Regular Divergence: Signals a potential trend reversal.

Hidden Divergence: Signals a potential trend continuation.

Advanced Filtering: Includes a powerful option to validate divergences, ensuring they do not cross the MACD zero line. This helps filter for higher-quality signals.

Highly Customizable: Every feature can be turned on or off in the settings, including a "Divergence Only" mode for a cleaner chart. All colors and transparency are fully adjustable.

vor 7 Stunden

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