Nova Capital MACD

Nova Capital MACD is a momentum oscillator based on the classic MACD calculation, enhanced with a clean 4-state histogram and optional signal labels.

Core calculation:

MACD Line = Fast MA − Slow MA

Signal Line = MA(MACD Line, Signal Length)

Histogram = MACD Line − Signal Line

Features in this version:

4-state histogram coloring (positive/negative + rising/falling) to visualize momentum changes more clearly.

Optional confirmed-bar behavior (signals trigger only on closed bars).

Optional zero-line directional filter:

Long labels only when MACD is below 0.

Short labels only when MACD is above 0.

Built-in alert conditions for Long/Short events.

How to use:

Watch histogram state changes for momentum transitions.

A Long label appears on MACD crossing above the Signal line (optionally below 0).

A Short label appears on MACD crossing below the Signal line (optionally above 0).

Note: This indicator is not a complete trading system. Use risk management and confirm signals with market context.