Johnman

therebel Magic System

649 3 58
Simple programming exercise of the system described by /u/therebel.
Signals MACD crossover on price above and below EMA 200 (blue for longs, red for shorts).
You should wait for the candle to close before considering the signal. And always check the fundamentals.

Risk less than 2% per trade, allow winners to run using a trailing stop.
When the market has proved you wrong exit with out any hesitation. This is key.

Might be useful for someone, but don't take it too seriously. If I might add something, I think a good trailing stop can be the previous candle wick.
Remove from Favorite Scripts Add to Favorite Scripts
// Simple programming exercise as described by therebel
// Signals MACD crossover on price above and below EMA 200

study("therebel Magic System", overlay=true)
movingAverage = ema(close, 200)
color1 = close > movingAverage ? blue : red
[macdLine, signalLine, histLine] = macd(close, 12, 26, 9)
signalUp = macdLine[1] < signalLine[1] and macdLine[0] > signalLine[0] and close > movingAverage
signalDown = macdLine[1] > signalLine[1] and macdLine[0] < signalLine[0] and close < movingAverage
plotshape(signalUp, style=shape.labelup, color=blue)
plotshape(signalDown, style=shape.labeldown, color=red)
Omg, you giving that for free? I bought that for $ 999.99!
+1 Reply
I'm working on an improved version. I have a couple of overseas buyers lined up. Thing is worth millions!
+1 Reply
Thank you a lot for sharing, I love this , simple = work
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out