4 Coloured MACD
lime = positive rising
green = positive descending
red = positive rising
maroon = positive descending
lime = positive rising
green = positive descending
red = positive rising
maroon = positive descending
study(shorttitle = "MACD 4C", title = "4 colour MACD") fastMA = input(title="Fast moving average", type = integer, defval = 12, minval = 7) slowMA = input(title="Slow moving average", type = integer, defval = 26, minval = 7) lastColor = yellow [currMacd,_,_] = macd(close[0], fastMA, slowMA, 9) [prevMacd,_,_] = macd(close[1], fastMA, slowMA, 9) plotColor = currMacd > 0 ? currMacd > prevMacd ? lime : green : currMacd < prevMacd ? maroon : red plot(currMacd, style = histogram, color = plotColor, linewidth = 3) plot(0, title = "Zero line", linewidth = 1, color = gray)