MACDLine plotted in the upper chart?

[jrj4774]

Is there a way to have the MACDLine plotted in the upper chart?

It looks a little off -

https://usethinkscript.com/threads/ultimate-macd-indicator-for-thinkorswim.558/

thanks,
jrj4774

 

[BenTen]

Of course it will be off. Why would you want the MACD line on your main chart though?

 

[jrj4774]

I think it more like confirmation visually for me. I like to see the candle movement and identify that MACD Line is sort of aligned. Im also trying to save real estate room and especially when I travel, I only have laptop screen vs my 2x 43 inch monitors at home.

I guess I was hoping it would look something like this -

https://usethinkscript.com/threads/supertrend-tradingview-look-a-like-for-thinkorswim.7719/

White and Pink plotted lines

is there a better indictor?

thanks,
jrj4774

 

[merryDay]

I think it more like confirmation visually for me. I like to see the candle movement and identify that MACD Line is sort of aligned. Im also trying to save real estate room and especially when I travel, I only have laptop screen vs my 2x 43 inch monitors at home.

I spend a lot of time on the road. I start missing my screens before I am out the front door.
I can sympathize with the frustrations of small screen real estate.

As you noticed, dragging indicators between panels doesn’t always behave as expected.

MACD is just a couple of EMAs with some momentum and trend calculations.
Instead of plotting on the those oscillations which don't translate well to the upper chart;
Just take your exact code and apply it to the exact EMA that you are using to track the momo and trend.
This version gives you the same MACD information, but directly on the EMA.
It uses the exact same colors and code as your Ultimate MACD.
You don’t need to adjust anything — it works exactly like your MACD.

Here is another hint of navigating limited real estate
https://usethinkscript.com/threads/stacked-charts-nested-behind-each-other.18186/

# #######################################################
# This software is licensed for individual use only.
# NOT FOR REDISTRIBUTION *PRIVATE/CONFIDENTIAL*
# Copyright (c) 2025 useThinkScript LLC
# ############################################################
#   MACD Price Overlay  Upper Chart + State Label
#   Matches "Ultimate MACD" Colors
# ############################################################

#
# Ultimate MACD by Horserider 8/30/2019
# Standard version
# Also have short and long term versions. Can accomplish all three by just adjusting inputs to fit your trading style.
# Standard MACD 12,26,9 BB length 20.
# Short term MACD 6, 13, 6 BB length 5.
# Long term MACD 48, 104, 36 BB length 20.
# Added zero line on suggestion of Ahmar824 1/12/2019.

input fastLength = 12;
input slowLength = 26;
input MACDLength = 9;
input AverageTypeMACD = {SMA, default EMA, Wilders};

input price = close;
input displace = 0;


plot MACD_Line = expAverage(price, fastLength);;
MACD_Line.DefineColor("Up", Color.GREEN);
MACD_Line.DefineColor("Down", Color.RED);
MACD_Line.DefineColor("Even", Color.WHITE);
MACD_Line.AssignValueColor(if MACD_Line > MACD_Line[1] then MACD_Line.Color("Up") else (if MACD_Line == MACD_Line[1] then MACD_Line.Color("Even") else MACD_Line.Color("Down")));
MACD_Line.SetLineWeight(3);

#plot BB;
#Bollinger BandsSMA,EMA
input AverageTypeBB = {default SMA, EMA, HMA};
input displaceBB = 0;
input lengthBB = 20;
input Num_Dev_Dn = -2.0;
input Num_Dev_up = 2.0;

plot upperBand;
plot lowerBand;
def midline;

switch (AverageTypeBB) {
case SMA:
    upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).UpperBand;
    lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).LowerBand;
    midline   = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up).Midline;
case EMA:
    upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).UpperBand;
    lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).LowerBand;
    midline   = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline;
case HMA:
    upperBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).UpperBand;
    lowerBand = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).LowerBand;
    midline   = reference BollingerBands(MACD_Line, displaceBB, lengthBB, Num_Dev_Dn, Num_Dev_up, averageType = AverageType.EXPONENTIAL).Midline;
}

upperBand.SetDefaultColor(Color.GRAY);
upperBand.DefineColor("Up", Color.CYAN);
upperBand.DefineColor("Down", Color.PINK);
upperBand.DefineColor("Even", Color.GRAY);
upperBand.AssignValueColor(if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else (if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even")));

lowerBand.SetDefaultColor(Color.GRAY);
lowerBand.DefineColor("Up", Color.CYAN);
lowerBand.DefineColor("Down", Color.PINK);
lowerBand.DefineColor("Even", Color.GRAY);
lowerBand.AssignValueColor(if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else (if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even")));

AddLabel(yes,
    if upperBand > upperBand[1] and lowerBand < lowerBand[1] then "Momentum Strengthening" else
    if upperBand < upperBand[1] and lowerBand > lowerBand[1] then "Momentum Weakening" else "Momentum Neutral",
    if upperBand > upperBand[1] and lowerBand < lowerBand[1] then upperBand.Color("Up") else
    if upperBand < upperBand[1] and lowerBand > lowerBand[1] then upperBand.Color("Down") else upperBand.Color("Even"));