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MACD Color Script

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Published: 8 December 2023

Current version: 1.4

MACD Color Script

Utilities
Adrian Hernandez Castellanos
Version: 1.4
Updated: 29 February 2024

A script (drag-and-drop) that colors the background of the MACD indicator according to the buy or sell trend.

The parameters that you can modify are the same as those provided by the MetaTrader MACD indicator and additionally those necessary to edit the colors that you decide are the most appropriate according to your preferences. The following are the parameters that you can modify:

Fast EMA.
Slow EMA.
MACD SMA.
Apply To.
Color Positive Trend.
Color Negative Trend.
Color Neutral Trend.
Save variables. (Allows you to save the current values and reuse them later)
Clean graph. (In case you want to erase the colors from the graph)

Depending on where you drop the indicator on the chart, the result you will obtain. From coloring the indicator, to coloring the entire chart. (See screenshots)

Coffee? Of course, I'll have a coffee. In return, I'll offer you the indicator version of this script, so that you can also take something as a gift :-). https://www.mql5.com/en/market/product/109894

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Version 1.4 2024.02.29

Leap year patch.

Version 1.3 2023.12.23

Changes:

- Fixed a problem with the CommonLib library that affected all published color scripts.
- Added input parameter validation to prevent problems with bad input data.
- Fixed saved parameter validation.
- Optimized the code to be compatible with the real-time indicator. https://www.mql5.com/en/market/product/109894 [[definiendum]]
- Fixed the size of the backgrounds to make them faster to draw.
- Added an output message to indicate the reason why the script ended early.
- Removed redundant code lines that calculated both the indicator value and the element position.
- Optimized the code to reduce CPU clock cycles and improve performance.