Hellork

MACD PanicBot 1H BTC

451 1 48
PanicBot abuses the MACD and panics at the first sign of weakness. For this reason it is best for ranging. In an uptrend it generates false (sideways) sell signals. The rule of thumb is to buy back if it doesn't drop like it should, etc. Use in conjunction with other indicators and some common sense. Note trend direction, volume , etc. Still, it can generate profit on its own, as back testing shows...
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
strategy("MACD Panic 1H BTC", overlay=false)

//DJIA 1W 5 41 40 166 5
//DJIA 1D 21 41 40 17 13
//BTCUSD 1W 3 9 21 12 11
//BTCUSD 1D 5 30 66 7 13
//BTCUSD 1H 20 42 59 30 13 or 5 34 44 24 20
//26 42 22 for LTCUSD daily
fast = input(title="Short Period", type=float, defval=5, minval=3, maxval=100)
slow =  input(title="Long Period", type=float, defval=34, minval=3, maxval=200)
signal = input(title="Signal Line", type=float, defval=44, minval=3, maxval=400)
//eliminate false signals
delay_sell = input(24)
delay_buy = input(20)
    
[macdLine, signalLine, histLine] = macd(close, fast, slow, signal)

longCondition = (histLine > histLine[1]) and highest(histLine, delay_buy) == histLine
shortCondition =(histLine < histLine[1]) and lowest(histLine, delay_sell) == histLine

if (longCondition)
    strategy.entry("MACDHKLE", strategy.long, comment="Panic")
if (shortCondition)
    strategy.entry("MACDHKSE", strategy.short, comment="Panic")

hist_green = histLine > 0 ? histLine : 0
hist_red = histLine < 0 ? histLine : 0

hist_grn_plot = plot(hist_green, title="Histogram Green", style=histogram, linewidth=5, color=green)
hist_red_plot = plot(hist_red, title="Histogram Red", style=histogram, linewidth=5, color=maroon)
macd_plot = plot(macdLine, title="MACD", transp=60, style=area, color=aqua)
sl_plot   = plot(signalLine, title="Signal", transp=60, style=area, color=orange)

cu = cross(signalLine, macdLine)? avg(signalLine, macdLine) : na
plot(cu, style=circles, linewidth=4, color=change(macdLine)>0?lime:orange)

alertcondition(longCondition, title="MACD Long Condition", message="MACD Long")
alertcondition(shortCondition, title="MACD Short Condition", message="MACD Short")
error
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out