MACD Custom Settings Guide
Master this indicator with Pine Script code and automated strategies.
What is MACD Custom Settings?
The Moving Average Convergence Divergence (MACD) shows the relationship between two moving averages. The standard settings (12, 26, 9) work well for swing trading, but day traders often use faster settings like (5, 13, 1) or (8, 17, 9) for quicker signals.
How to Use This Strategy
Pro Tip: Buy when MACD crosses above the signal line (bullish crossover). Sell when MACD crosses below the signal line. The histogram shows momentum - growing green bars confirm bullish trend, growing red bars confirm bearish trend.
Pine Script Code
Copy and paste this code into your TradingView Pine Editor.
PINE SCRIPT V5
//@version=5
indicator("MACD Custom", overlay=false)
// Inputs - Customize these for your trading style
fastLength = input.int(12, "Fast Length", minval=1)
slowLength = input.int(26, "Slow Length", minval=1)
signalLength = input.int(9, "Signal Length", minval=1)
// Calculate MACD
fastMA = ta.ema(close, fastLength)
slowMA = ta.ema(close, slowLength)
macdLine = fastMA - slowMA
signalLine = ta.ema(macdLine, signalLength)
histogram = macdLine - signalLine
// Crossover signals
bullishCross = ta.crossover(macdLine, signalLine)
bearishCross = ta.crossunder(macdLine, signalLine)
// Colors
histColor = histogram >= 0 ? (histogram > histogram[1] ? color.lime : color.green) : (histogram < histogram[1] ? color.red : color.maroon)
// Plots
plot(macdLine, "MACD", color=color.blue, linewidth=2)
plot(signalLine, "Signal", color=color.orange, linewidth=2)
plot(histogram, "Histogram", color=histColor, style=plot.style_histogram, linewidth=2)
// Signal markers
plotshape(bullishCross, "Bullish Cross", shape.triangleup, location.bottom, color.green, size=size.small)
plotshape(bearishCross, "Bearish Cross", shape.triangledown, location.top, color.red, size=size.small)