OPEN-SOURCE SCRIPT

MACD-V+ (ATR Normalized MACD)

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MACD-V+ is an ATR-normalized MACD tool that focuses on true turning points inside Overbought/Oversold zones. It marks a signal only when the MACD’s slope changes direction and shows real progress back toward the zero line, with an optional dwell (depth & time) filter so you don’t get faked out by shallow pokes into a zone. Clean visuals, “first-in-zone” gating, and configurable labeling make it practical for discretionary and systematic traders alike.

For best results, adjust Overbought and Oversold levels based on stock volatility. The default settings of 150 and -150 are for highly volatile tickers. Reduce for less volatile tickers.

Please help me improve the code for everyone.

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