MACD Zero-Line Dominance (no ta.sum)

Description Option 1 (Simple & Clear)

“This indicator compares how many recent bars have the MACD line above the zero line versus below it.
It plots the resulting strength as a green/red histogram showing whether bullish or bearish momentum is dominating.”

“MACD Zero-Line Dominance measures the strength balance between bullish and bearish momentum by counting how many candles in a lookback period have MACD above or below the zero line.
The histogram turns green when bullish pressure dominates and red when bearish momentum takes control.
Useful for trend confirmation, regime detection, and higher-timeframe alignment.”