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miguel42815

MACD S/R signal indicator

miguel42815  
Moving Average Convergence / Divergence (MACD) Support and Resistance
74
2
macd supportandresistance
I've based the script on my MACDs/r indicator.

I think it works better on higher timeframes, this is just an experiment, please feel free to modify it.

I have been testing it with parabolic SARS to know when to exit the trades.

Exit condition: if I'm in a log position and the price is below the last bearish parabolic SARS dot I exit the trade and the opposite for shorts

DISCLAIMER: Is just an experiment and I haven't test it with real money, be careful
Open-source script

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