Double MACD Overlay [NLR]

3 Nis

This indicator plots two MACD signals directly on your price chart to help you spot trends and shifts in momentum more clearly:

🔹 Main MACD - The classic MACD with customizable Fast, Slow, and Signal lengths. Great for confirming broader trend direction.
🔹 Short MACD - A faster MACD with an option to smooth the input, helping you catch early signals or identify short-term momentum changes.

Each MACD is visualized as:

• A line showing the moving average
  
• A colored histogram showing the MACD minus the signal
  
• A zero line for reference
  

Why use this?
By comparing a short-term MACD with a longer-term one, you get early signals without losing the big picture. Use it for confirmation, divergence spotting, or just cleaner trend visualization.

Best For:
✅ Trend-followers
✅ Momentum traders
✅ Anyone who wants more context from their MACD signals

Recommended Settings:
Here are some ideal settings to get the most out of this indicator:

On a 5-Minute Chart:
Compare your current MACD with the 15-minute MACD.
- MACD Multiplier: 3

On a 1-Minute Chart:
Spot short-term moves while comparing them to the 5-minute MACD.
- MACD Multiplier: 5
- Use Smoothed Source (Short MACD): ON (for a cleaner short MACD signal)

Happy trading! 💹

3 Nis

Sürüm Notları

Slight update to the zero line and slow line style

3 Nis

Sürüm Notları

Oops — caught the MACD misbehaving! 😅 Turns out the current MACD was having an identity crisis. All fixed now — it knows who it is again. 🎯

4 Nis

Sürüm Notları

Updated HTF signal style to be more clearly visible