[WSP-V1] Adaptive MACD/RSIDiv/SMC/SMA/EMA

3 Jan

This indicator is based on an adaptive combination of MACD RSI divergence, EMA, SMA, SMC, and more.
It is suitable for trend-following strategies and works on all timeframes. It performs particularly well on the daily timeframe.

##How It Works##

MACD: Two Exponential Moving Averages
The "Zones," where different actions should be taken, are highlighted with green and red backgrounds (MA26/MA12) on the chart. These zones indicate when the MACD is near the 0 line. There is also a small cycle color label to help identify when the first candle's MACD closes near the 0 line.

RSI Divergence
Alerts are triggered when a bullish or bearish divergence occurs.
The alerts may have minor repainting, so they should not be used as entry/exit signals, but rather as a guideline to be considered along with other indicators (e.g., MACD), to notify of potential reversal signals.

EMA and SMA
Plots exponential moving averages on four timeframes at once for rapid indication of momentum shifts, as well as slower-moving confirmations.
The following EMAs are displayed:

• EMA 20 (Light Green)
  
• EMA 50 (Dark Green)
  
• EMA 100 (Yellow)
  
• EMA 200 (Pink)
  

It also displays MA 100 (Thick Blue) and a dynamic SMA21. If the candles are above the SMA21, it will be green; otherwise, it will be red.
These are used for checking momentum and are great for evaluating the strength of a trend.

Smart Money Concepts (SMC)
The internal and swing market structure labeling includes:

Break of Structure (BOS)
Change of Character (CHoCH)
Order Blocks (Bullish & Bearish)
Equal Highs & Lows
Fair Value Gap Detection
Previous Highs & Lows
Premium & Discount Zones (as a range)
Options to style the indicator for easier display of these concepts

Important:
Please try it out without risking real money at first. This is Version 1, optimized for the daily timeframe and trend-following setups. I welcome your suggestions and feedback!