MACD Bands - Multi Timeframe [TradeMaster Lite]We present a customizable MACD indicator, with the following features:
Multi-timeframe
Deviation bands to spot unusual volatility
9 Moving Average types
Conditional coloring and line crossings
👉 What is MACD?
MACD is a classic, trend-following indicator that uses moving averages to identify changes in momentum. It can be used to identify trend changes, overbought and oversold conditions, and potential reversals.
👉 Multi-timeframe:
This feature allows to analyze the same market data on multiple time frames, which can be in help to identify trends and patterns that would not be visible on a single time frame. When using the multi-timeframe feature, it is important to start with the higher time frame and then look for confirmation on the lower time frames. This will help you to avoid false signals. Please note that only timeframes higher than the chart timeframe is supported currently with this feature enabled. Might get updated in the future.
👉 Deviation bands to spot unusual volatility:
Deviation bands are plotted around the Signal line that can be in help to identify periods of unusual volatility. When the MACD line crosses outside of the deviation bands, it suggests that the market is becoming more volatile and a strong trend may form in that direction.
👉 9 Moving Average types can be used in the script. Each type of moving average offers a unique perspective and can be used in different scenarios to identify market trends.
SMA (Simple Moving Average): This calculates the average of a selected range of values, by the number of periods in that range.
SMMA (Smoothed Moving Average): This takes into account all data available and assigns equal weighting to the values.
EMA (Exponential Moving Average): This places a greater weight and significance on the most recent data points.
DEMA (Double Exponential Moving Average): This is a faster-moving average that uses a proprietary calculation to reduce the lag in data points.
TEMA (Triple Exponential Moving Average): This is even quicker than the DEMA, helping traders respond more quickly to changes in trend.
LSMA (Least Squares Moving Average): This moving average applies least squares regression method to determine the future direction of the trend.
HMA (Hull Moving Average): This moving average is designed to reduce lag and improve smoothness, providing quicker signals for short-term market movements.
VWMA (Volume Weighted Moving Average): This assigns more weight to candles with a high volume, reflecting the true average values more accurately in high volume periods.
WMA (Weighted Moving Average): This assigns more weight to the latest data, but not as much as the EMA.
👉 Conditional coloring :
This feature colors the MACD line line based on it's direction and fills the area between the MACD line and Deviation band edges to highlight the potential volatility and the strength of the momentum. This can be useful to identify when the market is trending strongly and when it is in a more neutral or choppy state.
👉 MACD Line - Signal Line crossings:
This is a classic MACD trading signal that occurs when the MACD line crosses above or below the signal line. Crossovers can be used to identify potential trend reversals. This can be a bullish or bearish signal, depending on the direction of the crossover.
👉 General advice
Confirming Signals with other indicators:
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management:
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators:
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in Mind:
Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
Limitations:
This is a lagging indicator. Please note that the indicator is using moving averages, which are lagging indicators.
The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
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Impulse MACD buy OwlPixelDescription:
The Impulse MACD Buy Indicator, developed by OwlPixel, is a powerful trading tool for traders using TradingView's Pine Script version 5. This indicator aims to provide valuable insights for identifying potential buy signals in the market using the popular MACD (Moving Average Convergence Divergence) oscillator.
Key Features:
MACD Analysis: The indicator displays the MACD line (blue) and the signal line (orange) on the chart, helping traders assess the momentum and trend direction of an asset.
Impulse Histo: The Impulse Histo (blue histogram) visualizes the difference between the MACD line and the signal line, making it easier to spot changes in market strength and potential trend reversals.
Impulse MACD CD Signal: This histogram (maroon color) highlights the divergence between the Impulse Histo and the signal line, providing further insights into trend shifts.
Background Boxes: The indicator features three rows of different colored background boxes that represent distinct market conditions - an uptrend (light green), a downtrend (light red), and a neutral trend (light yellow).
Crossover Points: Buy signals are marked with green circles when the MACD line crosses above the signal line, suggesting potential entry points for long positions.
Demand and Supply Bars: The demand (lime/green) and supply (red/orange) bars are intensified, aiding traders in identifying possible reversal areas.
Stop Loss and Take Profit:
The Impulse MACD Buy Indicator automatically calculates Stop Loss (SL) and Take Profit (TP) levels for buy signals. The SL level is set at the highest of the last three candles, while the TP level is determined by a user-defined percentage of the closing price. This information helps traders manage risk and optimize their profit potential.
Usage:
Apply the Impulse MACD Buy Indicator to your TradingView chart by copying the provided Pine Script into the Pine Editor.
Configure the input parameters, such as the MA Length and Signal Length, to suit your trading preferences.
Observe the MACD line, signal line, and histograms to gain insights into market momentum and trends.
Identify buy signals when the MACD line crosses above the signal line, signaled by green circles.
Utilize the provided Stop Loss and Take Profit levels for risk management and exit strategies.
Please note that this indicator is for informational purposes only and should be used in conjunction with other analysis techniques to make well-informed trading decisions. Happy trading!
MACD Higher TimeFrameThis Pine script is an indicator called "MACD Higher TimeFrame" that calculates and displays the Moving Average Convergence Divergence (MACD) on a higher timeframe. It is designed to be used on a lower timeframe chart but show the MACD values from a specified higher timeframe.
The indicator takes several inputs, including the fast length, slow length, source data, signal smoothing length, and the types of moving averages to be used for the MACD and signal lines. The default values are set to 12, 26, the closing price, 9, and exponential moving averages (EMA) for both lines, respectively. These inputs can be modified by the user.
The script calculates the MACD and signal lines based on the specified inputs and the source data. It uses the `init_ma` function to initialize the moving average calculation based on the selected moving average type (EMA or SMA) and length.
To display the MACD and signal lines from the higher timeframe, the script utilizes the `request.security` function, fetching the values of MACD and signal lines one bar ago on the higher timeframe. It handles any gaps in data and lookahead considerations.
The script also includes a function called `int_htf_fillna`, which handles the filling of `na` (not available) values for the higher timeframe indicators. It ensures that the indicator values are carried forward if they are not available for a particular bar.
To enhance the visualization, the script includes customizable colors for the MACD line, signal line, and histogram bars. The histogram bars are styled using the `plot.style_columns` option, and their color is determined by the `color_handle_ducplicate_value` function. This function checks for duplicate values and assigns colors based on whether the indicator is rising or falling, and whether it is above or below zero.
The script also includes a zero line (color #787B86) to provide a visual reference for the zero level.
Overall, this Pine script allows users to view the MACD indicator from a higher timeframe on a lower timeframe chart, providing insights into the broader market trend.
VWAP filtered MACD Bars with positive MACD histogram value and closing above VWAP are colored, long positions should be taken in areas made of those bars.
Similarly, bars with negative MACD histogram value and closing below VWAP are also colored, short positions should be taken there.
This indicator by default should be a part of your trend following trading system.
In the setting you can change colors
Above grow: positive and rising MACD histogram value
Above fall: positive and falling MACD histogram value
Below fall: negative and falling MACD histogram value
Below grow: negative and rising MACD histogram value
Rolling MACDThis indicator displays a Rolling Moving Average Convergence Divergence . Contrary to MACD indicators which use a fix time segment, RMACD calculates using a moving window defined by a time period (not a simple number of bars), so it shows better results.
This indicator is inspired by and use the Close & Inventory Bar Retracement Price Line to create an MACD in different timeframes.
█ CONCEPTS
If you are not already familiar with MACD, so look at Help Center will get you started www.tradingview.com
The typical MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
The MACD indicator(or "oscillator") is a collection of three time series calculated from historical price data, most often the closing price. These three series are: the MACD series proper, the "signal" or "average" series, and the "divergence" series which is the difference between the two. The MACD series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series. The average series is an EMA of the MACD series itself.
Because RMACD uses a moving window, it does not exhibit the jumpiness of MACD plots. You can see the more jagged MACD on the chart above. I think both can be useful to traders; up to you to decide which flavor works for you.
█ HOW TO USE IT
Load the indicator on an active chart (see the Help Center if you don't know how).
Time period
By default, the script uses an auto-stepping mechanism to adjust the time period of its moving window to the chart's timeframe. The following table shows chart timeframes and the corresponding time period used by the script. When the chart's timeframe is less than or equal to the timeframe in the first column, the second column's time period is used to calculate RMACD:
Chart Time
timeframe period
1min 🠆 1H
5min 🠆 4H
1H 🠆 1D
4H 🠆 3D
12H 🠆 1W
1D 🠆 1M
1W 🠆 3M
You can use the script's inputs to specify a fixed time period, which you can express in any combination of days, hours and minutes.
By default, the time period currently used is displayed in the lower-right corner of the chart. The script's inputs allow you to hide the display or change its size and location.
Minimum Window Size
This input field determines the minimum number of values to keep in the moving window, even if these values are outside the prescribed time period. This mitigates situations where a large time gap between two bars would cause the time window to be empty, which can occur in non-24x7 markets where large time gaps may separate contiguous chart bars, namely across holidays or trading sessions. For example, if you were using a 1D time period and there is a two-day gap between two bars, then no chart bars would fit in the moving window after the gap. The default value is 10 bars.
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This indicator should make trading easier and improve analysis. Nothing is worse than indicators that give confusingly different signals.
I hope you enjoy my new ideas
best regards
Chervolino
Ichimoku Cloud with MACD (By Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
The MACD is a trend following momentum indicator and provides identification of short-term trend direction. In this variation it utilises the 12-period as the fast and 26-period as the slow length EMAs, with signal smoothing set at 9.
This strategy combines the Ichimoku Cloud with the MACD indicator to better enter trades.
Long/Short orders are placed when three basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
Short Position:
Tenkan-Sen is below the Kijun-Sen
Chikou-Span is below the close of 26 bars ago
Close is below the Kumo Cloud
MACD line crosses under the signal line
The script is backtested from 1 June 2022 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
This script also works well on MATIC (1h timeframe), AVA (45m timeframe), and BTC (30m timeframe).
MTF MACD BarOVERVIEW
This indicator shows MACD(Moving Average Convergence/Divergence) is up or down, represented by a bar. This indicator is compatible with MTF.
CONCEPTS
What do you want to know about market analysis?
Do you want a hard analysis? You can look for it.
All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'.
All I want to know is whether the current market price is going up or down. Not only for the current, but also for the monthly, weekly, and daily status.
I want to make a decision in a moment. Without even thinking about it.
That is why I created a color-coded bar indicator to show the status.
No need to frown anymore.
DETAILS
You need more information about MACD, click here.
tradingview.com
MACD histogram Green ⇒ Bar is green.
MACD histogramRed ⇒ Bar is red.
Normalized MACD with RSI [bkeevil]This indicator normalizes the MACD and RSI indicators to a range between -1.0 and 1.0 so they can be displayed together on the same chart to save screen real-estate.
While the MACD is a good indicator to detect trend changes, in some circumstances (such as a sideways range market) it can give false signals. The MACD is more likely to give a false signal when the RSI indicator is close to the centerline than if the RSI is signaling an overbought or oversold condition. Thus the RSI indicator and MACD indicator are commonly used together.
I have included a few features found in other MACD indicators that I have found helpful:
MACD line changes color if it is rising or falling
Dots at the MACD line to signal crossovers
The MACD signal line is hidden it by default as the information it contains is redundant. Hiding the signal line makes the indicator less busy.
Nyquist Moving Average (NMA) MACD [Loxx]Nyquist Moving Average (NMA) MACD is a MACD indicator using Nyquist Moving Average for its calculation.
What is the Nyquist Moving Average?
A moving average outlined originally developed by Dr . Manfred G. Dürschner in his paper "Gleitende Durchschnitte 3.0".
In signal processing theory, the application of a MA to itself can be seen as a Sampling procedure. The sampled signal is the MA (referred to as MA.) and the sampling signal is the MA as well (referred to as MA). If additional periodic cycles which are not included in the price series are to be avoided sampling must obey the Nyquist Criterion.
It can be concluded that the Moving Averages 3.0 on the basis of the Nyquist Criterion bring about a significant improvement compared with the Moving Averages 2.0 and 1.0. Additionally, the efficiency of the Moving Averages 3.0 can be proven in the result of a trading system with NWMA as basis.
What is the MACD?
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. Moving average convergence divergence (MACD) indicators can be interpreted in several ways, but the more common methods are crossovers, divergences, and rapid rises/falls.
Included
Bar coloring
2 types of signal output options
Alerts
Loxx's Expanded Source Types
RSI + MACDRSI and MACD in one simplified indicator. Why? Because :
1. Save chart space, declutter, make decision making better, faster
2. MACD is not scaled to RSI range, now it is so you can have side by side comparison
Example how to use:
Enter on RSI oversold or overbought level, then exit on MACD crossover
See if there is an extra confluence to enter, hold or exit your trades, i.e oversold and falling macd is better than oversold and rising macd for short trades potentially.
Trend Following with Donchian Channels and MACDThis is a trend following system based on the Donchian Channels. Instead of using a simple moving average crossover, this system uses the MACD as the trendfilter:
Long positions:
* Price makes a new 50 day high,
* The MACD-line crosses above or is above the Signal-line.
* Both the MACD and the Signal-lines are above the zero-line.
Short positions:
* Price makes a new 50 day low,
* The MACD-line crosses below or is below the Signal-line.
* Both the MACD and the Signal-lines are below the zero-line.
Stoploss:
The initial and the trailing stoploss are 4 ATRs away from the price.
MACD including 6-period Forecast and Divergences█ OVERVIEW
This is my personal interpretation of the classic MACD Indicator. I am using the MACD as part of my analysis, and often I was wondering when I can expect the next signal (e.g. a Histogram cross). As I had come across some EMA forecast logics on tradingview, my goal was to use the EMA forecast calculation as basis to come to a complete MACD forecast. Here is the result.
Starting point is the classic MACD which is then plotted with MACD-Line, Signal Line and Histogram. In addition to the classic MACD, a 6 period Forecast for MACD, Signal and Histogram is available and divergences can be displayed on either the Histogram or the MACD Line.
Important:
As I am considering the closing price of the current candle as the basis for the calculation, the forecast values will REPAINT. But in my opinion this is fine as this indicator will not provide direct trading signals, but more an outlook into a potential future.
█ CALCULATION LOGIC
Below some details regarding the additional functionalities:
MACD Forecast:
The MACD Forecast is mainly based on a combination of EMA Forecasts. The inspiration for this basic forecast calculation is taken from the below tradingview members:
--> EMA Forecast input taken from "Triple MA Forecast" by yatrader2
--> Forecast Bias input taken from "Fancy Bollinger Bands" by BigBitsIO
When showing the forecast, the following options are available:
- Forecast Type: Determines if the Forecast is assuming a Flat price (last values of the MA calculation are replaced by current value) or if a Linear Regression is taken
- Number of candles taken for Linear Regression Calculation
- Bias of Forecast (Based on the recent Average True Range, the forecast values are either more bullish or more bearish calculated. "Neutral" turns off this function)
- Number of ATR Periods used to calculate Bias adjustment value
- Possibility to weight the Bias via a Multiplier - Default value is 1
Based on the above inputs, the forecasted values for MACD, Signal Line and Histogram are calculated and plotted for the next 6 periods.
Divergence Detection:
Based on the default tradingview divergence script with some adjustments:
- User can select to use either Histogram or MACD Line as basis for Divergence detection (Histogram by default)
- User can select if Divergence detection should be based on the candles including Wicks or only the Candle Bodies (Wicks by default)
█ DISCLAIMER
This is an experimental indicator and I do not know if my theory works in real life. So treat this not as financial advise, but purely for entertainment and educational purposes.
I publish this code open so that everyone can re-use it or hopefully even improve it.
Let me know if you have any ideas for improvement and if it is within my coding capabilities (which to be honest are quite limited), I will try to accomodate it.
Have fun.
RedK_xMACD: Extending the classic MACD with a simple filterThis is a simple concept that attempts to squeeze more price action insights from the classic MACD
we add a 3rd (longer length, slower) Moving Average line that acts as a trend filter - so whenever we are ("we" = the price and the 2 other MAs) are above that filter line, we consider ourselves to be in the up-trend territory, and vica versa .. so the MACD calculation here - that is represented by the main (reg/green) line in the plot - will represent the distance between the slow MA and the filter MA - when that MACD line crosses the zero axis up or down, that represents the trand reversing from one direction to the other.
A signal line (a smoothed version of that MACD line) is still added for 2 reasons
1 - the signal line makes it easy to see if an eminent trend reversal is to be expected
2 - to stay visually-consistent with the classic MACD :)
the distance (or delta) between the other 2 MAs continues to reflect an indication of the short-term momentum and is what the histogram represents.
we still have the benefit of the convergence/diversion between the price itself and the histogram similar to the classic MACD
this MACD version will also clearly show how price and momentum action will lead the trend -- i know that's a big discussion topic :)
i added a classic MACD at the bottom panel, and used the same length settings (fast / slow) for side-by-side comparison
i coded this when i found that i use 3 moving averages all the time during my chart analysis, and while i'm a big fan of the classic MACD, i wanted to find a simple way to get my MACD to reflect what the 3 MAs on the price chart show. turned out to be insightful - i hope other fellow traders may find this useful
the code is simple and i started it from the built-in MACD in TradingView. Other annotations are added to the chart here as i believe this will better explain how the eXtended MACD works
- there are 4 reversals that occur in that chart, and i chose to show one in step-by-step fashion.
if more explanation is needed to how this can be used, pls let me know in the comments.
MACD Trend CandlesThe script combines 2 indicators (MACD and Stoch-RSI) and puts them visually directly on the candles - can be used with normal OHLC candles or Heiken Ashi candles. Furthermore, you can derive divergences exremely easy directly visually from the candles as well. Lastly, a SMA 20 high and a SMA 20 low line build a trend channel.
Script is best used in trending markets to trade with the trend.
1) SMA trend channel:
* uptrend: close above
* downtrend: close below
* aggressive entry (uptrend) closing inside channel from below
* conservative entry (uptrend) closing above channel from inside
* hold (uptrend) until close below channel
* can be used accordingly for the downtrend
2) MACD candles
* visualization of the MACD histogram directly on the candles
* dark blue: histogram > 0 and histogram > histogram of previous candle
* light blue: histogram > 0 and histogram < histogram of previous candle
* orange: histogram < 0 and histogram < histogram of previous candle
* light blue: histogram < 0 and histogram > histogram of previous candle
* hold uptrend (dark/light blue candles) - combined with trend channel (above channel)
* hold downtrend (orange /yellow candles) - combined with trend channel (below channel)
* Color divergence: light blue candle > dark blue candle (price and MACD show divergence (bearish)
* Color divergence: yellow candle < orange candle (price and MACD show divergence (bullish)
* Trend change (0 line cross to upside) yellow or orange to dark blue
* Trend change (0 line cross to downside) dark or light blue to orange
3) Stoch RSI diamonds
* visualization of the STOCH-RSI as diamonds above or below the candle
* k, d line > 80: diamond above the candle
* k, d line < 20: diamond below the candle
* divergence caldle without diamond above > candle with diamond above (bearish divergence)
* divergence caldle without diamond below < candle with diamond below (bullish divergence)
Feel free to test each part individually and combine it with other indicators, e.g. BBands and Ichimoku Cloud - you will see it is a powerful visualization script
HAVE FUN
MACD Multi-MA StrategyThis script applies the average of each major MA (SMA, RMA, EMA, WVMA, WMA) to the MACD formula.
The logic is simple. When all 5 MA's are in agreement in direction, then then script will notify users of change.
I posted this as a strategy to help show how logic does in back test. If you use my simple yet effective solution to find take profit locations, you can blow this back testing out of the water!!!
To set alerts simply turn script into study
//@version=2
study(title="MACD Multi-MA Study", overlay=false)
src = close
len1 = input(8, "FAST LOOKBACK")
len2 = input(144, "SLOW LOOKBACK")
/////////////////////////////////////////////
length = len2-len1
ma = vwma(src, length)
plot(ma, title="VWMA", color=lime)
length1 = len2-len1
ma1 = rma(src, length1)
plot(ma1, title="RMA", color=purple)
length2 = len2-len1
ma2 = sma(src, length2)
plot(ma2, title="SMA", color=red)
length3 = len2-len1
ma3 = wma(src, length3)
plot(ma3, title="WMA", color=orange)
length4 = len2-len1
ma4 = ema(src, length4)
plot(ma4, title="EMA", color=yellow)
long = ma > ma and ma1 > ma1 and ma2 > ma2 and ma3 > ma3 and ma4 > ma4
short = ma < ma and ma1 < ma1 and ma2 < ma2 and ma3 < ma3 and ma4 < ma4
alertcondition(long == true, title='MACD LONG SIGNAL', message='MACD LONG!')
alertcondition(short == true, title='MACD SHORT SIGNAL', message='MACD SHORT!')
Compare (RSI) MACDHere I've created an indicator which can be used together with my "Compare (RSI) Ticker 3x" Indicator.
It makes it much easier to see the movements between the "RSI Ticker 1" and "RSI Ticker 2/3".
- The white line is the "MACD" of Ticker 1, which is the difference between the "RSI Ticker 1" and "RSI Ticker 2/3".
- The purple line is the "Signal" line, an EMA of the "MACD". (Length is adjustable)
- The "0-line" is the "RSI Ticker 2/3" line, when Ticker 2 is chosen, this will be blue coloured, when Ticker 3 is chosen it will be red.
Because 2 MACD in 1 indicator is way too messy, you only can choose the comparison against Ticker 2 OR Ticker 3.
- In "Settings" > "Inputs" you can enable/disable the second or third Ticker
(If Ticker 2 is enabled, Ticker 3 is disabled and vice versa)
- The second Ticker has multiple choices
- The third you can type any Ticker you want, for example CRYPTOCAP:BNB, BINANCE:ETHUSDT, NASDAQ_DLY:NDX or whatever,
just start typing and you'll see the possibilities (You also can choose between "Cryptocurrencies", "Index", "Forex", ...)
- When the "MACD" crosses the "0-line", arrows will appear, white ones for "MACD", purple ones for the "Signal" line.
- The "Histogram" makes it easier to see the difference between "MACD" and "Signal" line.
- The source of this indicator is adjustable
- When the second chosen Ticker is the same as the first Ticker, of course you will be seeing lines
(because there is no difference between the 2 Tickers, the EMA is visible though)
If you use both "Compare (RSI) Ticker 3x" AND "Compare (RSI) MACD", of course be aware that you have the same Ticker 2 or 3 in each indicator!
Apirine Stochastic MACD w/ MA Selection by Cryptorhythms📊 Apirine Stochastic MACD w/ MA Selection by Cryptorhythms
Intro
Had to re-release due to moderation.
This happens to be my first open source indicator, hope you all enjoy it!
Description
This indicated is ported from November 2019 issue of TASC. “The Stochastic MACD Oscillator” in this issue, author Vitali Apirine introduces a new indicator created by combining the stochastic oscillator and the MACD . He describes the new indicator as a momentum oscillator and explains that it allows the trader to define overbought and oversold levels similar to the classic stochastic but based on the MACD .
Options
-You can enable bar coloration for trade state (signal conditions setup in the "long" and "short" variables).
-You can choose histogram or columns for the convergence/divergence display.
-You can turn on/off and adjust the overbought / oversold zones.
-You can choose what type of moving average to use in the calculation from a small selection of options. This gives you more flexibility to adapt the indicator to your needs.
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 70th script on Tradingview!
🤐Check my Signature for other information
MACD and RSI divergence by Rexio v2Hi everyone!
I wrote this indicator for intraday trading and it cannot be use only by itself you need to at least draw some S/R lines to make it useful. It is based at MACD histogram and gives signal when it sees divergence on MACD/RSI/MACD's Histogram (or all at once - settings) when macd's histogram switchs trend. Im using it to playing with a trend most of the time looking for hidden divergence at higher time frame and after that looking for regular divergence at lower time frame.
Im not a computer programist nor professional trader so it is only for educational purposes only.
MACD背离(MACD divergent)[公开版][gouge99]注意:背离意味着做反转交易，所以入场要求很高，但是背离一般的收益风险比很大
MACD背离：收盘价创造新高或者新低，但是macd却没有出新高或者新低
计算原理：根据历史K线长度（默认90根K线）来判断收盘价的高低极值和macd的高低极值来进行比较判断
建议使用：
1.在震荡调整行情中，在支撑和压力位附近出现的突然的趋势K线，一般是假突破
2.在趋势末端，一般还会有一次缓慢的测试趋势极点的行情，一般这是趋势反转进入震荡的开始
3.结合其他形态如双顶，头肩，pin bar
4.结合其他指标如stoch随机指标做反转
5.推荐在1h, 30m, 15m级别中使用，5m也可以使用，但是最好背离计算长度设置大一点 比如150
Awesome Oscillator and MACD Histogram by SierraPilot (Lemrin)This is an indicator I stole from Lemrin. I added the plots for the MACD line and the Signal line and also changed the AO and MACD histo to an area plot. MACD = red and green. AO = blue and yellow. Green over top of Blue = possible reversal. Green overlaid over blue = uptrend. Yellow over top of Red = downside reversal possible. Yellow overlaid over Red = downtrend in progress. MACD and Signal line behave normally. Thanks to Lemrin for the majority of the code.
GBPJPY MACD 1min Long OnlyThis MACD indicator uses two lines for long and sell long. It also uses a MACD indicator line with a historian. When the MACD historian crosses over the buy line, a long signal is executed. When the MACD historian crosses over the sell line, a close entry is signal is executed. There is a also a built in stop loss and you can adjust the buy and sell lines accordingly.
This does not repaint and I use it for autoview with an alert to autotrade this strategy.
GBPUSD MACD 1min Long OnlyThis MACD indicator uses two lines for long and sell long. It also uses a MACD indicator line with a historian. When the MACD historian crosses over the buy line, a long signal is executed. When the MACD historian crosses over the sell line, a close entry is signal is executed. There is a also a built in stop loss and you can adjust the buy and sell lines accordingly.
This does not repaint and I use it for autoview with an alert to autotrade this strategy.
EURUSD MACD 1 min Long OnlyThis MACD indicator uses two lines for long and sell long. It also uses a MACD indicator line with a historian. When the MACD historian crosses over the buy line, a long signal is executed. When the MACD historian crosses over the sell line, a close entry is signal is executed. There is a also a built in stop loss and you can adjust the buy and sell lines accordingly.
This does not repaint and I use it for autoview with an alert to autotrade this strategy.
