OPEN-SOURCE SCRIPT

CISD Trend Candle + MACD Signal

76
This custom TradingView indicator combines trend-based candle coloring with MACD reversal detection to generate clear entry and exit signals:

🔷 Blue triangle (Buy): Appears when the candles confirm an uptrend (e.g., 5 consecutive closes above 21 EMA) and no long position is currently held.

🔴 Red triangle (Sell): Appears when the candles confirm a downtrend (e.g., 5 consecutive closes below 21 EMA) and no short position is currently held.

⚪ Gray triangle (Exit):

If in a long position, it shows when the candle turns neutral (gray) and the MACD crosses down (bearish signal), or the trend turns red.

If in a short position, it shows when the candle turns neutral and the MACD crosses up (bullish signal), or the trend turns blue.

🟠 Orange line: 21-period EMA used for trend validation.

This logic prevents premature entries and provides structured exit points, aiming to avoid false signals in choppy markets.

Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.