// Downloaded From https://www.WiseStockTrader.com /*----------------------------------------------------------- MTR Investors Group - www.MTRIG.com Color MACD Histogram Bars. Use on weekly chart to determine market trend. See Elder "Come into my trading room" -------------------------------------------------------------*/ r1 = Param( "Fast avg", 12, 2, 200, 1 ); r2 = Param( "Slow avg", 26, 2, 200, 1 ); r3 = Param( "Signal avg", 9, 2, 200, 1 ); ml = MACD(r1, r2); sl = Signal(r1,r2,r3); Hist = ml-sl; MACUP = Hist > Ref(Hist,-1); MACDN = Hist < Ref(Hist,-1); BarColor = IIf(MACUP,colorGreen,IIf(MACDN,colorRed,colorBlue)); //Plot( Hist, "MACD Histogram", ParamColor("Histogram color", colorBlack ), styleNoTitle | ParamStyle("Histogram style", styleHistogram | styleNoLabel, maskHistogram ) ); Plot( Hist, "MACD Histogram", BarColor , styleHistogram ); Plot(0, "0", colorBlueGrey );