The MACDVolume indicator is an advanced technical analysis tool combining the Moving Average Convergence Divergence (MACD) histogram with volume data for enhanced market trend visualization. It features dynamic color changes in the MACD histogram: bullish trends are shown by a gradient from green to white, while bearish trends shift from red to white. The volume component uses color-coded bars—green for increasing volume and red for decreasing volume—with additional colors (yellow, brown) to clearly depict buying and selling activity.
Key functionalities include auto zoom, which keeps the indicator centered and optimally scaled without manual adjustment, and a customizable moving average that can be selected from available options to fit different trading strategies. The indicator also displays the highest and lowest price levels within the selected period, providing insight into market extremes.
Designed for traders seeking a customizable and efficient tool, MACDVolume offers clear visual cues for trend identification and comprehensive market analysis by integrating volume and price extremes. It supports markets such as Forex and Stocks and is suitable for users who prioritize clarity, customization, and efficiency in their technical indicators.