MACD - Trend & Signals with Arrows

This isn't just another MACD to clutter your chart. I designed this Hybrid MACD Script specifically to solve the "indicator fatigue" that happens when trading multiple asset classes. Most MACD scripts require you to squint at the lines to see if a crossover actually happened; this script automates the detection and organizes the data into a clean, actionable HUD.

The Hybrid Edge: Why This Version?
Standard MACD indicators often fail in high-volatility environments (like Options or Forex) because the "cross" is hard to time visually. This program bridges that gap.


1. Key Logic & Signal Mechanics
The script uses a dual-signal confirmation system that is hard-coded into the visual output:

• The Momentum HUD (Right): Instead of calculating the trend slope in your head, the table uses a real-time logical check. If macdLine > 0, the trend is classified as BULLISH. This is critical for Stock and Fund traders who need to filter out "fake" bounces that occur below the zero line.
  
• The Delta-Histogram: Unlike basic histograms, this one tracks velocity change.
  Dark Green/Red: Momentum is accelerating.
  Light Green/Red: Momentum is exhausting (The "Squeeze" phase).
  
• Precision Entry Arrows: The plotshape function is tied to ta.crossover. These arrows only appear at the close of the candle, ensuring you don't jump into a trade on a "repainting" signal.
  

2. Strategic Application

For Options & Scalping
The Histogram Gradient is your exit signal. If you are long on a Call option and the histogram changes from Dark Green to Light Green, the program is telling you that the rate of change is slowing down. Even if price is still moving up, the Greeks (specifically Delta) will start working against you.

For Forex & Trend Following
Use the Zero-Line Filter.

• High Probability: Only take Green Arrows if the MACD Line is already above 0.
  
• Reversal Play: Look for Red Arrows when the MACD Line is significantly extended from the 0 axis—the "Value Area."
  

3. How to Use This Script Effectively

1. Stop Loss Placement: When a Red Arrow appears, the recent swing high is your mathematical ceiling.
   
2. Divergence Detection: If price makes a higher high, but the Momentum Value in the Dashboard table is lower than the previous peak, you are looking at a classic bearish divergence.
   
3. Cross-Asset Optimization:
   
4. Stocks/Funds: Keep the default 12, 26, 9 settings.
   
5. Crypto/Options: Consider tightening to 10, 20, 7 for faster reaction to "flash" moves.