MACD Oscillator Panel

This script is a MACD-based oscillator panel designed to help evaluate momentum quality and signal strength rather than producing raw crossover signals alone.

The indicator builds on the classic MACD calculation but extends it through structured filtering and visual context. Instead of treating every MACD crossover equally, this panel categorizes momentum conditions using multiple confirmation layers.

How it works

The base logic uses the standard MACD line, signal line, and histogram derived from exponential moving averages. On top of this foundation, the script evaluates momentum and trend quality using:

• Histogram direction and momentum change
• Relative volume comparison against average volume
• RSI positioning to avoid extreme conditions
• ADX-based trend strength assessment
• Higher timeframe MACD alignment for directional context

Signals are internally classified as strong, medium, or weak based on how many of these conditions align at the time of a MACD crossover.

Visual design

The oscillator panel focuses on clarity and consistency:

• Scaled MACD values maintain proportional visibility across symbols
• Histogram colors reflect momentum direction and strength
• Line fills and gradient zones provide immediate trend bias context
• Optional information table summarizes current state and momentum

No future projections are made. All values are derived from confirmed historical and real-time price data.

How to use

This panel is best used as a confirmation tool, not as a standalone trading system.

Typical usage includes:
• Validating MACD crossover signals from a price-chart indicator
• Filtering low-quality signals during weak or ranging conditions
• Aligning lower-timeframe entries with higher-timeframe momentum

Trading decisions should always be made with proper risk management and broader market context.

Invite-only note

This script is published as invite-only to maintain controlled access and consistent usage during ongoing refinement. It is intended for users who already understand MACD behavior and momentum-based analysis.

No performance, accuracy, or profitability claims are made. Market conditions vary, and past behavior does not guarantee future results.