When you use these periods on a daily chart, then the MACD indicator compares with my settings the 6 day moving average trend to the 11 day moving average trend. But when you use the same settings on a 4 hour chart it would do something completely different!
On a 4 hour chart it would compare the 6x 4 hour trend (=1 day trend) to the 11x 4 hour trend (=1,8 day trend). Or when you use these settings on a 15min chart it would compare the 6x15 minute trend (1.5 hours) to the 11x 15 minute trend (2,75 hours). So you would see very very very different cycle trends compared to what this indicator shows you on a daily chart.
I have the feeling like 99% of all Bitcoin traders don't know what the three MACD indicator parameters actually do on different time-frames. And so they use the original default MACD period parameters (which the indicator inventor Gerald Appel used in the year 1979 on a weekly time-frame, yes weeks, where the first fast moving average is set to 12x 1 week, which is 3 months or one quarter of a year) on daily charts or hourly charts or minute charts, where the resulting cycle settings make no sense at all. I can't stand the pain anymore of seeing almost everyone everywhere using wrong cycle periods on indicators, which is why I explained this here. Using better periods will give you an edge in the market.
I think its easy to load up a lot of indicators without understanding them...with these lookup periods though, as they are always relative, they do still do their job...the 11 period line takes longer to turn than the 6 period lookup and so it will do this on any timeframe to a good extent. Of course it can be finely tuned, but in principle, the lines are out of sync if the lookup periods are different, so to some extent will always work, no?
Fast MA: 288
Slow MA: 624
Signal Line: 216
Which looks like this:
This gives you the MACD which everyone sees on the daily chart, but with much more detail. Since the default Tradingview MACD indicator does not allow such high periods you need to use one of these versions here:
Like the macd-crossover you posted and another one, cci-strategy, I really like these indicators that color the price bars accordingly.
I'm looking to color my price chart with my stoch rsi...do you know how? Is it just a case of copying code from a similar one that does the same thing?