Mine

ifndef KBUILD_VERBOSE
  KBUILD_VERBOSE=0
  ifeq ("$(origin V)", "command line")
    KBUILD_VERBOSE=$(V)
  endif
endif

ifeq ($(QUIET),1)
  $(MAKECMDGOALS): trace
  trace: FORCE
        @[ -f "$(MAKECMDGOALS)" ] || { \
                [ -z "$${PWD##$$TOPDIR}" ] || DIR=" -C $${PWD##$$TOPDIR/}"; \
                echo -e "\33[33mmake[$$(($(MAKELEVEL)+1))]$$DIR $(MAKECMDGOALS)\33[m" >&3; \
        }
else
  export QUIET:=1
  MAKE:=3>&1 4>&2 $(MAKE)
endif