MACD With Crossings and Above Below ZeroMACD with MACD Derivative, Crossings Above and Below Zero, Shading for ADX Smoothing and Overlayed RSI
Primarily a moving average convergence divergence (MACD) momentum indicator. Also includes a MACD Derivative overlay to show when momentum has peaked. Displays triangle symbols when the MACD line crosses the signal line (larger triangle when MACD crosses above/below zero to indicator stronger momentum trend). Includes shading for average directional index (ADX) to futher determine when the price is trending strongly (red when the ADX value is greater than 25, and idicating a strong trend; otherwise blue). Lastly, has a relative strength index (RSI) momentum indicator overlayed to help evaluate periods of overbought or oversold conditions.
Moving Average Convergence / Divergence (MACD)
MACD-EDT "EMA DEMA TEMA" [DM]Greetings to all colleagues
Today I share a MACD with the EMA , DEMA , TEMA variants.
The aim is that they can see how the signals vary from a normal MACD to one with the averages created by Patrick Mulloy (1994)
Variables of this MACD:
EMA = Exponential Moving Average
DEMA = Double Exponential Moving Average
TOPIC = Triple Exponential Moving Average
He also has in the arsenal:
SMA Simple Moving Average
WMA Weighted Moving Average
Plus...:
Volume-weighted variant in all of them
Visual options:
Points at the crossroads
Shadows on the body of the signals
All colors are customizable
Histogram and shadow are gradients at 15 steps
It has switches for:
Shadow
Histogram
Macd and signal
Crosses
Some minor details remain to be incorporated in the next few days.
Pre-cross calculation.
Alerts
Bar color
Enjoy!!! ;-)
SimpleScalper2.0MACDThis indicator should be implemented with more indicators, by itself it is not recommended. SimpleScalper 2.0 MACD its strong are the negative values during the major corrections or waves of impulse of downtrend and see divergences with better visibility
CDC DivergencesA handy little indicator to help identify different kinds of convergences/divergences
The indicator compares price movements with the momentum and volume movements, Hidden divergences are left out, at least in the first version, because I wanted this indicator to be as simple as possible.
The divergences are shown with labels, user can change the momentum/volume indicator used to identify divergences in the settings.
MACD EMA (by WJ)NOTE:
// MACD AND EMA CODE TAKEN FROM DEFAULT INDICATOR
// I HAVE ONLY MADE SOME ADJUSTMENTS FOR VISUAL AID
// I MADE THIS FOR MY OWN USE BUT HAVE DECIDED TO PUBLISH AND SHARE IN CASE ANYBODY WANTS TO USE IT
MACD EMA:
Bar colour and background colour
Buy signal shows when MACD does crossover below 0 line while above EMA (default 200)
Sell signal shows when MACD does crossover above 0 line while below EMA (default 200)
Alert notifications included
MACD PlusMoving Average Convergence Divergence – MACD
The MACD is an extremely popular indicator used in technical analysis. It can be used to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. What makes the MACD so informative is that it is actually the combination of two different types of indicators. First, the MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, it takes the difference in values between those two Moving Averages (MACD Line) and an EMA of those Moving Averages (Signal Line) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is used as a good indication of a security's momentum.
Added Color Plots to Settings Pane.
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature.
Added Ability to Turn ON/OFF Show MacD & Signal Line.
Added Ability to Turn ON/OFF Show Histogram.
Added Ability to Change MACD Line Colors Based on Trend.
Added Ability to Highlight Price Bars Based on Trend.
Added Alerts to Settings Pane.
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert.
Alerts are Pre-Set to only Alert on Bar Close.
Added ability to show Dots when MACD Crosses.
Added Ability to Change Plot Widths in Settings Pane.
Added in Alert Feature where Cross Up if above 0 or cross down if below 0 (OFF By Default).
Squeeze Pro
Traditionally, John Carter's version uses 20 period SMAs as the basis lines on both the BB and the KC.
In this version, I've given the freedom to change this and try out different types of moving averages.
The original squeeze indicator had only one Squeeze setting, though this new one has three.
The gray dot Squeeze, call it a "low squeeze" or an "early squeeze" - this is the easiest Squeeze to form based on its settings.
The orange dot Squeeze is the original from the first Squeeze indicator.
And finally, the yellow dot squeeze, call it a "high squeeze" or "power squeeze" - is the most difficult to form and suggests price is under extreme levels of compression.
Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI), where :
DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction
CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the bottom. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. The CDMI adds additional insight of verifying/confirming the trend as well as its strength
Label :
Displaying the trend strength and direction
Displaying adx and di+/di- values
Displaying adx's momentum (growing or falling)
Where tooltip label describes "howto read colored dmi line"
Ability to display historical values of DMI readings displayed in the label.
Added "Expert Trend Locator - XTL"
The XTL was developed by Tom Joseph (in his book Applying Technical Analysis ) to identify major trends, similar to Elliott Wave 3 type swings.
Blue bars are bullish and indicate a potential upwards impulse.
Red bars are bearish and indicate a potential downwards impulse.
White bars indicate no trend is detected at the moment.
Added "Williams Vix Fix" signal. The Vix is one of the most reliable indicators in history for finding market bottoms. The Williams Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries"
The AE green triangles are "Aggressive Filtered Entries"
Pythagorean Moving Averages (and more)When you think of the question "take the mean of this dataset", you'd normally think of using the arithmetic mean because usually the norm is equal to 1; however, there are an infinite number of other types of means depending on the function norm (p).
Pythagoras' is credited for the main types of means: his harmonic mean, his geometric mean, and his arithmetic mean:
Harmonic Average (p = -1):
- Take the reciprocal of all the numbers in the dataset, add them all together, divide by the amount of numbers added together, then take the reciprocal of the final answer.
Geometric Average (p = 0):
- Multiply all the numbers in the dataset, then take the nth root where n is equal to the amount of number you multiplied together.
Arithmetic Mean (p = 1):
- Add all the numbers in the dataset, then divide by the amount of numbers you added by.
A couple other means included in this script were the quadratic mean (p = 2) and the cubic mean (p = 3).
Quadratic Mean (p = 2):
- Square every number in the dataset, then divide by the amount of numbers your added by, then take the square root.
Cubic Mean (p = 3):
- Cube every number in the dataset, then divide by the amount of numbers you added by, then take the cube root.
There are an infinite number of means for every scenario of p, but they begin to follow a pattern after p = 3.
Read more:
www.cs.uni.edu
en.wikipedia.org
en.wikipedia.org
Note : I added the functions for the quadratic mean and cubic mean, but since market charts don't have those types of graphs, the functions don't usually work. It's the same reason why sometimes you'll see the harmonic average not working.
Disclaimer : This is not financial or mathematical advice, please look for someone certified before making any decisions.
MACD AdvancedHello traders!
As you know, MACD is one of the oldest and the most popular indicators for trading. It seems to be a «Hello world indicator» of most technical analysis beginners. It’s easy to interpret and rather useful for many styles of trading. There are many arguments about its accuracy but in my opinion, this indicator can show very good results. However, you should squeeze every drop of its opportunities and we'll help you with it. We invented this script to make the lives of both professionals and freshmen easier.
Our new indicator uses all the opportunities that MACD gives. It takes into consideration divergencies, crossovers, the MACD, and signal line location. It seems to be rather difficult to take into consideration all MACD signals when you don’t use algorithmic trading, but it’ll be trivial using our script. We have integrated some innovations that’ll make traders’ staff easier. As you know, the crossover is considered to be a false signal in conjunction with hidden divergence which predicts another movement. Thus, we catch all types of divergencies and if it’s hidden of another «value» we skip it. However, if there's a crossover with bullish divergence or cross under with bearish, the signal seems to be strong and accurate. In this case, divergence is playing for us and makes the point of entrance more trustable. Our script takes into consideration this case and the innovative divergence chaser doesn’t give any mistakes. Moreover, if crossover takes place above zero line and crosses under bellow it, these signals are considered to be false too. It’s a trivial task comparing with the previous, thus it’s extremely simple for our script. We called it MACD Advanced cause it uses all the power of MACD with the power of invasive divergence chasers. The usage of it is trivial. Just add it to the chart, tune the parameters like MACD and tune the divergence chaser and get very accurate signals. We decided not to draw the bars to make signals more visible. It seems to be very nice!
I hope guys you'll enjoy it and it'll become a part of your trading staff.
MACD Linear Regression by zdmreBoth the Moving Average Convergence Divergence (MACD) and the Linear Regression (LR) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators, both MACD and LR can offer value in validating trade opportunities to optimize your risk management practices.
While they represent a similar approach to evaluating trades, the functions of both MACD and LR are distinct, which makes them useful indicators to combine in trade evaluation. Here’s a look at how to use MACD and LR as part of your trade analysis.
***Use it at your own risk
If you have new ideas to improve this indicator then let me know please.
Keep Learning, Keep Earning
Momentum-based ZigZag (incl. QQE) NON-REPAINTINGI spent a lot of time searching for the best ZigZag indicator. Difficulty with all of them is that they are always betting on some pre-defined rules which identify or confirm pivot points. Usually it is time factor - pivot point gets confirmed after a particular number of candles. This methodology is probably the best when market is moving relatively slow, but when price starts chopping up and down, there is no way the ZigZag follows accurately. On the other hand if you set it too tight (for example pivot confirmation after only 2 or even 1 candle), you will get hundreds of zigzag lines and they will tell you nothing.
My point of view is to follow the market. If it has reversed, then it has reversed, and there is no need to wait pre-defined number of candles for the confirmation. Such reversals will always be visible on momentum indicators, such as the most popular MACD. But a single-line moving average can be also good enough to notice reversals. Or my favourite one - QQE, which I borrowed (and improved) from JustUncleL, who borrowed it from Glaz, who borrowed it from... I don't even know where Quantitative Qualitative Estimation originates from. Thanks to all these guys for their input and code.
So whichever momentum indicator you choose - yes, there is a pick-your-poison-type selector as in in-famous Moving Average indicators - once it reverses, a highest (or lowest) point from the impulse is caught and ZigZag gets printed.
One thing I need to emphasize. This indicator DOES NOT REPAINT. It might look like the lines are a bit delayed, especially when compared to all the other ZigZag indicators on TradingView, but they are actually TRUE. There is a value in this - my indicator prints pivot points and Zigzag exactly on the moment they have been noticed, not earlier faking to be faster than they could be.
As a bonus, the indicator marks which impulse had strength in it. It is very nice to see a progressing impulse, but without force - a very likely that reversal on a bigger move is happening.
I'm about to publish some more scripts based on this ZigZag algo, so follow me on TradingView to get notified.
Enjoy!
MACD PRO by LDZ1LANDZZ1 MACD Pro was developed to show the first signs of reversal, direction, and also trend strength.
Unlike normal MACD, this indicator has 3 lines as information. A white line (short EMA), a purple line (sign), and a yellow line (long EMA).
The Purple Line "Signal" is a 17-period Exponential Moving Average.
The White Line "Short EMA" is a 34-period Exponential Moving Average.
The Yellow Line "Long EMA" is a 72-Period Exponential Moving Average.
When the background color turns green it indicates that we are above 0 (positive trend) and above the Signal line (positive trend)
When the background color turns Yellow it indicates that we are above 0 (positive trend) but below the Signal line (Indicating Attention to a possible trend reversal or price correction)
When the background color turns Red it indicates that we are below 0 (negative trend) and below the Signal line (negative trend)
When the background color turns Orange it indicates that we are below 0 (negative trend) and above the signal line (Indicating attention to a possible trend reversal or price correction)
The Yellow line is like a watershed, when the White Line "Short EMA" crosses above or below it, it indicates that a stronger price movement may occur.
Tip:
Only enter Long Positions when the background color turns green and the Short EMA (White line) is above the yellow line and/or the white dotted horizontal line.
Only enter Short Positions when the background color turns red and the Long EMA (Yellow line) is below the white dotted horizontal line.
Note the difference of MACD Pro by LANDZZ1 as the traditional MACD.
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Description in Portuguese-BR
MACD Pro by LANDZZ1 foi desenvolvido para mostrar os primeiros sinais de reversão, direção e também força da tendência.
Diferente do MACD normal, este indicador tem como informação 3 linhas. Uma linha branca (short EMA), uma linha roxa(signal) e uma linha amarela (long EMA).
A Linha Roxa "Signal" é uma Média Móvel Exponencial de 17 períodos.
A Linha branca "Short EMA" é uma Média Móvel Exponencial de 34 períodos.
A Linha Amarela "Long EMA" é uma Média Móvel Exponencial de 72 Períodos.
Quando a cor de fundo ficar verde indica que estamos acima de 0 (tendência positiva) e acima da linha de Sinal (tendência positiva)
Quando a cor de fundo ficar Amarelo indica que estamos acima de 0 (tendência positiva) porém abaixo da linha de Sinal (Indicando Atenção a uma possível reversão de tendência ou correção de preço)
Quando a cor de fundo ficar vermelho indica que estamos abaixo de 0 (tendência negativa) e abaixo da linha de Sinal (tendência negativa)
Quando a cor de fundo ficar laranja indica que estamos abaixo de 0 (tendência negativa) e acima da linha de sinal (Indicando atenção a uma possível reversão de tendência ou correção do preço)
A linha amarela é como um divisor de águas, quando a linha branca (Short EMA) cruza para cima ou para baixo dela, indica que um movimento mais forte forte de preço poderá ocorrer.
Dica:
Apenas entre em Long Positions quando a cor de fundo ficar verde e se a Short EMA (linha Branca) estiver acima da linha amarela e/ou da linha horizontal pontilhada branca.
Apenas entre em Short Positions quando a cor de fundo ficar Vermelha e se a Long EMA (linha Amarela) estiver abaixo da linha horizontal pontilhada branca.
Repare a diferença do MACD Pro by LANDZZ1 como o MACD tradicional.
Wolfpack Id with DivergenceThis indicator simply identifies if the markets are in an up or down trend. You should always use it in combination with other indicators, just as Wavetrends.
This indicator is mostly known because of Market Cipher. The script that was published under the name Wolfpack Id is for some reason closed source, but as it turns out there is of course no secret sauce involved, the original indicator goes way back and the thing that was then called Wolfpack Indicator is simply a MACD Signal Line with 3,8 settings. I added a simple divergence hunter for some extra Informations that might help, brought it up to contemporary pinescript standards, added Alerts and made the whole script open source, as it should be and as the original script also once was. Have fun!
MACD Divergence H/RHere's a fun script we been working on, let us know what you add!
Short-Forms Used
histogram(hist)--> value of macd Histogram
Low-Price--------> Candle's Low Price
High-Price-------> Candle's High Price
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-Regular_bulls =====> Lowest(red hist) in Previous red hists is > Lowest(red hist) in Current red hists
and Lowest(Low-price) in Previous red hists is < Lowest(Low-price) in Current red hists
and Lowest(red hist) in Previous red hists is < -Histograms Minimum Value Required
and Lowest(red hist) in Current red hists is < -Histograms Minimum Value Required
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-Hidden_bulls =====> Lowest(red hist) in Previous red hists is < Lowest(red hist) in Current red hists
and Lowest(Low-price) in Previous red hists is > Lowest(Low-price) in Current red hists
and Lowest(red hist) in Previous red hists is < -Histograms Minimum Value Required
and Lowest(red hist) in Current red hists is < -Histograms Minimum Value Required
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-Regular_Bears =====> Highest(Green hist) in Previous Green hists is < Highest(Green hist) in Current Green hists
and Highest(High-price) in Previous Green hists is > Highest(High-price) in Current Green hists
and Highest(Green hist) in Previous Green hists is > Histograms Minimum Value Required
and Highest(Green hist) in Current Green hists is > Histograms Minimum Value Required
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
-Hidden_Bears =====> Highest(Green hist) in Previous Green hists is > Highest(Green hist) in Current Green hists
and Highest(High-price) in Previous Green hists is < Highest(High-price) in Current Green hists
and Highest(Green hist) in Previous Green hists is > Histograms Minimum Value Required
and Highest(Green hist) in Current Green hists is > Histograms Minimum Value Required
Please drop a like and comment :)
-Angel Algo
MACD-RSI With @LuckyNickVAMACD & RSi Confluence. Great for those who are looking for RSI & macd signals. Highlights volatility & structure points for entering & exiting the market. You have to understand market volatility to understand this concept. So please research more on those subjects before using. But The RSI is the relative strength index it helps you understand the increase in interest in price great for trend trading along with the momentum based indicator. Macd Developed by Gerald Appel, the Moving Average Convergence-Divergence, or MACD, is an oscillator that measures price momentum. The indicator also measures the strength, direction and duration of a trend. Forex traders can use the MACD to confirm an entry price or exit point.
Vortex HeikinThis indicator use macd crossover plus vortex and heikin candle to find the best spot entry.
There a lot to improve if you want, it's only a starting point.
You can change Vortex indicator with ADX indicator to find a better spot, but there could be more false entry.
Pot SizeA little FREE script - which may help people set their trade size and stop levels for bitcoin trades.
NOTE :- This script conveys information that requires "indicator arguments" to be turned on.
TO USE :- To adjust to your requirements, click the cog wheel next to the indicator, and adjust "POT SIZE" (how much dollar you have), "RISK %" (the percentage of your dollar portfolio you would like to risk on this trade) and "BITCOIN AMOUNT" - until the short and long 'stop' lines are in the right place in your estimation, for a stop loss that represents the risk you want in relation to the current price for this trade.
The script takes its reference from the closing price; and doesn't include calculations for spread, fees, true range, and volatility etc. That is left open for anyone to add that if they wish. Anyone using this has to make their own adjustments for such considerations not being in this script and therefore make their own compensations.
Anyone wanting to change anything (because values don't go far enough for you) but doesn't know pinescript, can change the numbers next to "defval", "minval", "maxval", and "step" to their suiting in the script itself.
If you use this, you have to work out for yourself if it is useful for you or not. If you depend on it, you must have your own confidence that the calculations in it are acceptable and correct for your use, and you should check yourself and seek advice before trusting it. I convey no confidence in these calculations or this script, and they must be assumed to be acceptable by you if you use it.
Thanks
M
CM MACD Custom Indicator - Multiple Time Frame - V2***For a Detailed Video Overview Showing all of the Settings...
Click HERE to View Video
New _CM_MacD_Ult_MTF _V2 Update 07-28-2021
Thanks to @SKTennis for help in Updating code to V2
Added Groups to Settings Pane.
Added Color Plots to Settings Pane
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature
Updated Color Transparency plots to work in future update
Added Ability to Turn ON/OFF Show MacD & Signal Line
Added Ability to Turn ON/OFF Show Histogram
Added Ability to Change MACD Line Colors Based on Trend
Added Ability to Highlight Price Bars Based on Trend
Added Alerts to Settings Pane.
Customized how Alerts work. Must keep Checked in Settings Pane, and When you go to Alerts Panel, Change Symbol to Indicator (CM_Ult_MacD_MTF_V2)
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert
Alerts are Pre-Set to only Alert on Bar Close
See Video for Detailed Overview
New Updates Coming Soon!!!
***Please Post Feedback and Any Feature Requests in the Comments Section Below***
MACD ReLoadedA different approach to Gerald Appel's classical Moving Average Convergence Divergence.
Appel originaly set MACD with exponential moving averages.
In this version users can apply 11 different types of moving averages which they can benefit from their smoothness and vice versa sharpnesses...
Built in Moving Average type defaultly set as VAR but users can choose from 11 different Moving Average types like:
SMA : Simple Moving Average
EMA : Exponential Moving Average
WMA : Weighted Moving Average
DEMA : Double Exponential Moving Average
TMA : Triangular Moving Average
VAR : Variable Index Dynamic Moving Average a.k.a. VIDYA
WWMA : Welles Wilder's Moving Average
ZLEMA : Zero Lag Exponential Moving Average
TSF : True Strength Force
HULL : Hull Moving Average
TILL : Tillson T3 Moving Average
In shorter time frames backtest results shows us TILL, WWMA, VIDYA (VAR) could be used to overcome whipsaws because they have less numbers of signals.
In longer time frames like daily charts WMA, Volume Weighted MACD V2, and MACDAS and SMA are more accurate according to backtest results.
My interpretation of Buff Dormeier's Volume Weighted MACD V2:
Thomas Aspray's MACD: (MACDAS)
CryptoSignalScanner - MACD Multiple Time FramesDESCRIPTION:
After receiving some multiple request to provide a MACD indicator that displays multiple timeframes at the same time I created this simple script.
You can use this script for free and adjust it as much you like.
With this script you can plot 6 MACD lines & 6 Signal lines.
• Current Timeframe MACD Line
• Current Timeframe Signal Line
• 15 minute candle MACD Line
• 15 minute candle Signal Line
• 30 minute candle MACD Line
• 30 minute candle Signal Line
• 1 hour candle MACD Line
• 1 hour candle Signal Line
• 2 hour candle MACD Line
• 2 hour candle Signal Line
• 4 hour candle MACD Line
• 4 hour candle Signal Line
HOW TO USE:
• When multiple MACD lines on an uptrend are grouped together it is time to SELL.
• When multiple MACD lines on a downtrend are grouped together it is time to BUY.
• The higher to length of the MACD lines the stronger the BUY/SELL signal.
FEATURES:
• You can show/hide the preferred MACD lines.
• You can show/hide the preferred Signal lines.
How MACD works
The MACD indicator is generated by subtracting two exponential moving averages (EMAs) to create the main line (MACD line), which is then used to calculate another EMA that represents the signal line. In addition, there is the MACD histogram, which is calculated based on the differences between those two lines. The histogram, along with the other two lines, fluctuates above and below a center line, which is also known as the zero line.
The MACD indicator consists of three elements moving around the zero line:
• The MACD line. By default the MACD line is calculated by subtracting the 26-day EMA from the 12-day EMA.
MACD line = 12d EMA - 26d EMA
• The signal line. By default the signal line is calculated from a 9-day EMA of the MACD line.
Signal line = 9d EMA of MACD line
• Histogram. The histogram is nothing more than a visual record of the relative movements of the MACD line and the signal line.
It is simply calculated as: MACD line - signal line
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
SEOCO
Micro MACDMicro version of the MACD
Positioning
ATR - uses ATR to position indicator 1.5x above high of the Nth bar (needs improvement)
Absolute - allows you to specify the zero line position using price on the chart.
[Sidders] MACDEMASAR IndicatorCame across a cool idea for a strategy that couldn't find in the indicator database, so decided to code it up myself for your pleasure.
Indicators consists of 3 indicators: EMA(200) to determine the overall trend, and the MACD & Parabolic SAR to determine entries (and exits).
Long entry contains 4 conditions and is generated when price is above the 200EMA (1), the MACD crosses above the signal line (2), while they are both below 0 line (3) and when the parabolic SAR is below the closing price of the bar (4).
Short entry is build up the same but in reverse: price is below the 200EMA(1), signal line crosses below the MACD line (2), while they are both above the 0 line (3) and when the parabolic SAR is above the closing price of the bar (4).
Place the stoploss on the parabolic SAR dot below/above the candle that created the signal. Profit target 1:1 risk:reward ratio, but can ofcourse be changed according to your risk apetite. Might add automatically drawn SL/TPs in a later update.
Concept behind the strategy should work on all timeframes, but will require proper backtesting. I think with additional filters the strategy can also be way more finetuned and profitable, personally haven't had the time yet to dive into that.
Have also added alerts for your convenience.
Enjoy!
All in One StudyHere is my All in One Strategy converted into a Study with Alert Conditions you can use for whatever purpose you wish.
Each condition is set up similarly to the way I had the strategy set up, if you pick the indicators you want to base your alerts on it will alert you only if the check box is true.
You can pick one or more of the indicators if you'd like. I only suggest to pick one at a time so you don't have overlapping buy/sell alerts.
I think everyone will find the message of the market falling alert amusing :-)
Forward Cross ProjectionA quick script used to predict the average value the price should have to create a cross between a slow and fast MA at a given time. The line is red when the current cross is bullish and the line is green when the current cross is bearish. Crossing a red line downwards means that the price is getting lower and a bearish death cross is impending. Crossing a green line upwards means that the price is rising and a bullish cross is impending. Script was made thanks to the idea of Dannii
MACD-RSI Confluence SimplifiedAnother simple version of the MACD RSi Confluence script. But this is one is more simplified with simple signals. Again to fully understand macd & RSI you should already have some type of knowledge of how they work. With understanding this script & it's signals are great for those who do. This script is based on Barcolor signals reflected by macd & RSI data
