Hi everyone. Just joined this site yesterday, so I guess I will start by contributing one of the MACD indicators I created called MACD Momentum & Trend Index.

It's an idea that I had came up with when I just started to learn coding and studying indicators. The idea is to measure the momentum of MACD while simultaneously monitor the direction of the trend for better entry. Nevertheless, there’s no one recommended way to use this indicator -- it can be a trend or a counter-trend indicator depending on the settings you used.
The indicator has 2 types of display mode: “Momentum” mode (top sub-window in the pic) and “Trend” mode (bottom one in the pic). The "trend" mode is basically normal MACD with customizable MA options and applied price for the slow MA, fast MA and filter line. The moving averages are adapted from the AllAverages v4.9 indicator made by igorad, which I also added some extra MAs so that there's more options to choose from.

The bars represent the value of normal MACD or MACD momentum depending on the mode you used. The bars will automatically change colors once the value crossed up or down the filter line, so no need to do manual checking especially when the value is very close to filter line. The dots at the zero line represent the direction of MACD (for Momentum mode) or MACD momentum (for Trend mode). The color of to dots will change depending on whether the trend/momentum is upward/downward and strengthening/weakening.