Indicator MACD Overlay displays the chart as colored candles according to the data from oscillator MACD.

It has five adjustable parameters:

  • Data MACD Compare mode - MACD data comparison mode

  • MACD and signal Lines - MACD line and signal line

  • MACD vs zero line - MACD line referred to zero

  • Current and previous MACD values - comparing the current and previous values of the MACD line

  • MACD fast EMA period - MACD indicator's fast EMA calculation period

  • MACD slow EMA period - MACD indicator's slow EMA calculation period

  • MACD period signal line - MACD indicator's signal line calculation period

  • MACD applied price - MACD indicator's calculation price

MACD and signal Lines:

  • If the MACD line is above the signal line,
    then the bullish candle is displayed in green
    the bearish candle is displayed in light-green

  • If the MACD line is below the signal line,
    then the bearish candle is displayed in red
    the bullish candle is displayed in light-red

MACD vs zero line:

  • If the MACD line is above zero,
    then the bullish candle is displayed in green
    the bearish candle is displayed in light-green

  • If the MACD line is below zero,
    then the bearish candle is displayed in red
    the bullish candle is displayed in light-red

Current and previous MACD values:

  • If the MACD line values grow,
    then the bullish candle is displayed in green
    the bearish candle is displayed in light-green

  • If the MACD line values fall,
    then the bearish candle is displayed in red
    the bullish candle is displayed in light-red

Fig. 1. MACD Overlay + MACD. Data MACD Compare mode = MACD and signal Lines

Fig. 2. MACD Overlay + MACD. Data MACD Compare mode = MACD vs zero line

Fig. 3. MACD Overlay + MACD. Data MACD Compare mode = Current and previous MACD values