Zeiierman

MACD signal_Only for Currencies (Expo)

MACD – Signal_ Only for Currencies (Expo)

This indicator is specifically developed for Currencies!

DESCRIPTION

MACD is a trend-following momentum indicator that shows the relationship between two moving averages. This MACD Signal-indicator makes use of the MACD indicator to predict trends and trend changes in the market.

When the MACD Signal - indicator reaches its peak, we can predict a significant change occurring in the market. In addition to that, the color of the peak determines the market sentiment. The green peak suggests that the market might shift towards a positive sentiment, and the red peak suggests that the market might shift towards a negative sentiment.

When the MACD Signal - indicator has reached its peak, it will start to decline and form a shape similar to a cup. At some point in this half-circle, the lines will shift their color; at this point, a top or a bottom might be close, depending on the color of the lines.

• If the lines are shifting from green to red in the cup, a top is predicted.
• If the lines are shifting from red to green in the cup, a bottom is predicted.

SUMMARY

• The color of the lines shows the Short-Term trend.
• The color of the peaks determines the market sentiment.
• Between two peaks, there will always be a top or a bottom. A shift from green to red, a top is predicted. A shift from red to green, a bottom is predicted.
• Finally, the color of the cloud indicates the Long-Term trend.


HOW TO USE

1. Look for peaks in the indicator which might indicate a top/bottom, or that a major trend shift is coming. The color of the peak determines the sentiment.

2. Look for when the lines shift colors in the cup/half-circle, this indicates that a top/bottom is near.

3. The Long-term trend is determined by the color of the cloud.


INDICATOR IN ACTION

MAJOR CHANGES IN THE MARKET

EURUSD


TOP/BOTTOM

USDJPY


EURJPY


GBPJPY


USDCAD


I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below



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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes!

Release Notes: Major Improvements!

  • The setting panel is more convenient.
  • MACD Impulse signals are added.

    These signals can be used to get a feel about when the market is going to have an impulse. -->Trend impulse or reversal impulse



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Comments

can you please grant me access
+1 Reply
@Aasif, Hi, thank you for commenting on my script! I have sent you a PM! :)
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