Custom MACDPro Histogram— Indicator
The Custom MACDPro Histogram — is a professional-grade evolution of the classic MACD indicator, designed to enhance your trading experience with personalized features. This upgraded version goes beyond standard implementations by adding multi-timeframe filtering, a color-coded histogram, and real-time alert capabilities for sharper, more actionable momentum analysis with Moving Average Types such as: Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving, Average (SMMA / Wilder's MA), Weighted Moving Average (WMA), Hull, Moving Average (HMA), Time Series Moving Average, Triangular Moving Average (TMA), Variable Index Dynamic Average
Key Features:
- Four-color histogram distinguishing strong and weakening momentum in both directions
- Fully customizable MA types for both the oscillator and signal line
- Multi-Timeframe (MTF) filter to confirm signals against a higher timeframe trend or zero-line position
- Crossover and zero-line alerts with on-chart text and sound notifications
Interpreting the Visual Elements
MACD Line (Blue) vs Signal Line (Orange) — A crossover above signals bullish momentum; a crossover below signals bearish momentum.
Four-Color Histogram — Each bar reflects both the direction and strength of momentum:
Colour Meaning
Green
Bullish momentum accelerating
Light Green
Bullish momentum fading
Pink
Bearish momentum fading
Red
Bearish momentum accelerating
A colour shift from strong to weak is often an early warning of a reversal before a crossover signal appears.
Key Parameters:
Fast / Slow / Signal Length: Core MACD periods (default: 12, 26, 9)
Oscillator & Signal MA Type: MA type for each calculation (default: EMA)
MTF Filter Mode: None, Trend (MACD vs signal), or ZeroLine (MACD vs zero)
Higher Timeframe: Timeframe used for MTF confirmation
Crossover / Zero Line Alerts: Toggle each alert type independently
Use Cases & Who It's For
MACDPro suits swing, intraday traders, Trend and Scalpers who want momentum confirmation with multi-timeframe discipline. Use the MultiTime Frme filter to suppress counter-trend signals, the histogram colour shifts for early reversal warnings, and the alert system to monitor multiple instruments simultaneously.
It is best suited to trend-followers and systematic traders and Scalpers.
