MACD Plus

The MACD Plus indicator is an all-in-one technical analysis tool that combines several classic and modern momentum, trend, and volatility oscillators into a single, cohesive dashboard. It aims to provide traders with a comprehensive view of market conditions by integrating MACD, Squeeze Pro, DMI, XTL, and Williams Vix Fix signals.

Usage

The MACD Plus serves as a multi-functional terminal for identifying trend direction, momentum exhaustion, and potential market bottoms.

• MACD & Divergences: Users can view standard MACD lines or a normalized MACD-V (Volatility Adjusted). The script automatically detects and plots bullish/bearish divergences on either the histogram or the MACD lines.
• Squeeze Pro: This feature identifies periods of price compression.
  • Gray Dots: Low/early squeeze.
  • Orange Dots: Standard squeeze.
  • Yellow Dots: High-compression "power" squeeze, suggesting an imminent significant move.
• Expert Trend Locator (XTL): Highlights price bars to identify major trend impulses (blue for bullish, red for bearish).
• Colored DMI: Simplifies the Directional Movement Index into a single line with triangle shapes, where color density represents momentum and shapes indicate trend direction.
• Williams Vix Fix: Specifically designed to find market bottoms. It includes "Filtered Entries" (FE) and "Aggressive Filtered Entries" (AE) represented by green triangles.
• Moving Averages: Includes three customizable moving averages with multiple calculation types (EMA, WMA, HMA, etc.) to act as trend filters.

Details

The script consolidates multiple methodologies to reduce chart clutter while increasing signal confluence. The MACD calculation is enhanced with multi-timeframe (MTF) logic and an optional ATR-based normalization (MACD-V) to standardize the oscillator across different volatility regimes. The Squeeze Pro implementation allows for customized moving average types for the Bollinger Bands and Keltner Channels, departing from the traditional SMA-only approach. The inclusion of the XTL (Expert Trend Locator) helps in identifying "Wave 3" style impulsive moves, while the Williams Vix Fix acts as a synthetic VIX for non-index assets to spot capitulation.

Settings

Oscillator Settings

• Show MACD Lines / Histogram: Toggles the visibility of the primary MACD components.
• Switch to MACD Normalized Volatility: Standardizes the MACD based on an ATR length.
• Divergence Type: Choose between "Histogram" or "MACD" for divergence detection.
• Pivot Lookback Right/Left: Adjusts the sensitivity for identifying local peaks and valleys for divergences.

Trend & Volatility

• Show Expert Trend Locator [XTL]: Toggles XTL bar coloring.
• Show Squeeze Pro: Enables the compression dots.
• Squeeze Calculation Type: Select the MA type (SMA, EMA, etc.) used for BB and KC bands.
• Show DMI Triangles: Toggles the Directional Movement Index indicators.

Bottom Finding (VixFix)

• Show Signal For Filtered Entry [FE]: Displays signals for high-probability bottom formations.
• Show Signal For Aggressive Entry [AE]: Displays signals for earlier, more speculative bottom entries.

Moving Averages

• MA1/MA2/MA3: Individual toggles for three overlay moving averages with customizable lengths and types.

FAQ

How do I interpret the different Squeeze Pro dots? The gray dots indicate a light squeeze, orange represents a standard squeeze, and yellow indicates a high-intensity squeeze. When the dots disappear, it suggests the "squeeze" has fired, often leading to a directional expansion.

Can I set alerts for specific trend changes? Yes, the indicator includes alerts for MACD crosses (with zero-line filters), XTL trend changes, DMI signals, and Williams Vix Fix entries.

How can I access the MACD Plus? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.