MACD Strategy with Signals & Dashboard

This script is a price-overlay MACD-based signal and visualization tool designed to improve decision clarity by combining classic MACD logic with structured visual feedback and an on-chart dashboard.

The core calculation uses the standard Moving Average Convergence Divergence method, derived from the difference between fast and slow exponential moving averages and smoothed with a signal line. While the MACD itself is well known, this script focuses on usability, interpretation, and execution context, rather than raw indicator output.

How it works

• Buy signals are generated when the MACD line crosses above the signal line.
• Sell signals are generated when the MACD line crosses below the signal line.
• Signals are plotted directly on the price chart using clear directional markers.
• Optional background highlights help visually identify crossover events without cluttering the chart.

In addition to signals, the script continuously evaluates:
• Current MACD trend state (bullish or bearish)
• Histogram direction and momentum bias
• Most recent signal status

Dashboard overview

An integrated dashboard summarizes key MACD information in real time:
• Current trend direction
• MACD value, signal value, and histogram value
• Histogram polarity and momentum status
• Latest detected signal
• Active MACD parameter settings

The dashboard is position-configurable and designed to remain readable across different chart layouts and timeframes.

Display flexibility

Users can:
• Enable or disable buy and sell signals independently
• Toggle the MACD histogram and lines in a separate panel if needed
• Choose whether to display the dashboard
• Adjust MACD parameters to suit different markets and timeframes

Intended use

This script is intended as a decision-support tool, not a standalone trading system. It can be used for:
• Trend confirmation
• Momentum shift detection
• Trade timing assistance
• Confluence with price action, structure, or other indicators

It does not predict future price movement and does not make performance or accuracy claims. Market conditions change, and signals should always be validated with proper risk management.

Notes

• Signals are generated on confirmed bar close
• Results may differ across instruments and timeframes
• Past behavior does not guarantee future outcomes