OPEN-SOURCE SCRIPT
MACD Highlight Zones for Primetime
Use the MACD Highlight Zones to easily spot changes in market momentum and make more informed trading decisions.
The MACD Highlight Zones script visually enhances your chart by highlighting different zones based on the MACD's relationship to the zero line and its signal line. This script helps traders quickly identify the market's momentum and potential reversal points.
Features:
🟢 Green Background: Indicates the MACD line is above 0, signaling bullish momentum.
🟡 Yellow Background: Indicates the MACD line crosses the signal line, suggesting a potential momentum shift.
🔴 Red Background: Indicates the MACD line is below 0, signaling bearish momentum.
The MACD Highlight Zones script visually enhances your chart by highlighting different zones based on the MACD's relationship to the zero line and its signal line. This script helps traders quickly identify the market's momentum and potential reversal points.
Features:
🟢 Green Background: Indicates the MACD line is above 0, signaling bullish momentum.
🟡 Yellow Background: Indicates the MACD line crosses the signal line, suggesting a potential momentum shift.
🔴 Red Background: Indicates the MACD line is below 0, signaling bearish momentum.
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