Vision Essentials - MACD

Vision Essentials - MACD is the second indicator in our Essentials pack. It's a fully customizable MACD indicator with some extra perks the Vision team feels provides helpful & simplified insight when studying a chart.

What makes this indicator different?

Under the Standard mode you'll feel right at home compared to a standard macd indicator. Our Advanced mode is where things change a bit more. Under Advanced mode outside of the visual customization we provide visual outputs identifying bullish/bearish crossovers of the macd & signal, and track the high and low points of the macd with a second set of colors which users can customize. We also plot text in these areas so there's a clear indication of what the changing colors mean.

How do I use this indicator?

To start, it's best you have an understanding of what MACD (moving average convergence divergence) is. There are lots of great educational ideas here on TradingView which we recommend absorbing. We highly recommend you start with this article directly from the TradingView Help Center

Settings

• MACD Mode - Standard provides you with a closer to traditional style MACD whereas Advanced at a glance highlights areas such as crossover points, highs, lows, and current direction relative to histogram movement.
  
• MACD Settings - Select the source & values used for the macd calculations. close is the most commonly used source, and 12/26/9 are the most common length values. Adjust these to see how the indicator behaves. Lowering the fast and slow values will result in more activity, but be aware that doesn't = more accuracy.
  
• Standard Visual Settings - STANDARD MODE: These settings will adjust the color you want to use as an indication of bullish & bearish movement.
  
• Advanced Visual Settings - ADVANCED MODE: Use these settings to adjust the color you want to use as an indication of bullish, bearish, recent macd highs, recent macd lows, and text color.
  
• High/Low Distance - ADVANCED MODE: This setting defines how far back the indicator looks to find the most recent highs/lows of macd.
  
• Enable Crossover Bars - ADVANCED MODE: This settings enables the vertical bars that connect the center of the histogram to the macd/signal "wave" to indicate where crossovers are happening.
  

Notas de prensa:

Welcome Alerts! You can now create the following alerts from the indicator:

• MACD - Recent High Change (Alerts your when the recent high has changed lower or higher than prior)
  
• MACD - Recent Low Change (Alerts you when the recent low has changed lower or higher than priot)
  
• MACD - Bullish Crossover (Alerts you when the MACD and signal perform a bullish cross)
  
• MACD - Bearish Crossover (Alerts you when the MACD and signal perform a bearish cross)
  
• MACD - Bullish Crossver Below Histogram (Alerts you when the MACD and signal perform a bullish cross BUT only when below the histogram base level)
  
• MACD - Bearish Crossover Above Histogram (Alerts you when the MACD and signal perform a bearish cross BUT only when above the histogram a
  

Changes

• Updated to pine v5
  
• Replaced custom source selection to built-in to avoid use of security() function
  
• Added alerts for Recent High Change, Recent Low Change, Bullish Crossover, Bearish Crossover, Bullish Crossover Below Histogram, Bearish Crossover Above Histogram
  

How to create alerts

The quickest route for indicator specific alert creation is to hover over the indicator title on your chart "Vision Essentials - MACD" and click the 3 dots at the end. Select the first menu option "Add Alert on Vision Essentials - MACD" and this will bring up the alert creation dialog while also presetting the condition field to the correct indicator.