Credited to ChrisMoody's script ==> _CM_Ultimate_MA_MTF_V4 :)
I have modified a bit his indicator to include more MTF fast MA and slow MA crossover. I have added table to show MTF bullish and bearish status. Fast MA above Slow MA is considered Bullish and vice versa
Kindly refer to chart to see explanation of this indicator. Hopefully you guys will enjoy :)
Release Notes
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V2
[ New ] - Add MTF MACD as filter [ Update ] - Remove MTF MAs cross overall golden/dead cross
1) Add MTF MACD as filter
I have added MTF MACD to filter out some noise. Hence, default buy/sell signal will shows based on EMAs cross above/below MACD zero line. The idea is golden cross above zero line and dead cross below zero line usually lead to trend change thus is preferable point to entry or exit trade.
2) Remove MTF MAs cross overall golden/dead cross
Removed because I found it is not so useful for me. Instead, I have include MACD cross as an extra option to entry or exit trade.
Hi Lanzhu, this is a very useful indicator, I noticed some of the Utilities stocks such as Taliworks, is categorised under Energy sector. Is there a reason for this or it is the way you categorised them ?
Lanzhu0506
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@Kent_RichProFit_93, Hi, may I know are u referring to my Bursa_Sector library? If so, as I check TALIWRK is categorised under utility sector
JK633
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@Lanzhu0506, i am using this : import Lanzhu0506/Bursa_Sector/1 as bursa, and bursa.getSector()
Lanzhu0506
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@Kent_RichProFit_93, kindly use this version import Lanzhu0506/Bursa_Sector/13 which latest should be version 13
@Lanzhu0506, it is correct now. Great job. Keep the good job.
Lanzhu0506
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@Kent_RichProFit_93, not sure why it was wrong in early version but do let me know if u have any feedback bcs I will keep updating this library up to date
JK633
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@Lanzhu0506, i load your portfolio indicator and it uses revision 1, i guess
JK633
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@Lanzhu0506, indicator('[LanZhu] - Bursa Index/Sector Trend With Portfolio')