MACD exit % indicator

devxpy Updated   

An exit indicator for MACD, good for triggering order exit via MACD.

It works by considering <current MACD hist> and the <max MACD hist after last flip>.

Then, it just exits when the % change in these values surpasses a threshold.


blue line - MACD
orange line - Signal

green/red columns - Histogram

aqua background - Last Histogram Flip
fuchsia background - Max abs(Histogram) value after last flip
orange Background - Exit region
Release Notes:
Release Notes:
Sane defaults for hyperparameters
Release Notes:
Fix plot
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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