MACD indicator with an addition of on chart support resistance levels

Theory

This is the MACD indicator with added on-chart support and resistance levels. You have three color options and SR levels can be altered. Choices include color shift on zero cross, color shift on MACD slope change, and color shift on the MACD to signal line cross.

Usage

It can operate in any typical MACD settings. The SR lines mark the closing price of the bar where the signal occurs. These often align with sell signals, and when spread is added, they can serve as quick visual cues for potential order entries.