The MACD (Moving Average Convergence/Divergence) Histogram is a study that visualizes the difference between the main MACD plot and its signal line. Plotted as a histogram, this indicator often produces valuable signals for trend analysis: specifically, when it crosses above or below the zero level.
When the histogram rises above the zero level, an uptrend may be emerging; conversely, when it falls below, a downtrend is likely to be identified. Actual indication of the crossovers can be enabled by setting the
show breakout signals parameter value to
|The number of bars used to calculate the fast moving average.
|The number of bars used to calculate the slow moving average.
|The number of bars used to calculate the moving average of MACD.
|The type of moving average to be used in calculations: simple, exponential, weighted, Wilder's, or Hull.
show breakout signals
|Controls indication of histogram crossovers above and below the zero line.
|The MACD Histogram indicator.
|If enabled, displays an up arrow every time the histogram crosses above the zero line.
|If enabled, displays a down arrow every time the histogram crosses below the zero line.
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.