Strategy Premise
Moving Average Convergence Divergence (MACD) is a trend following momentum indicator that shows the relationship between two moving averages of a security’s price MACD is calculated by subtracting the long-term EMA (26 periods) from the short-term EMA (12 periods) The MACD has a positive value whenever the 12-period EMA is above the 26-period EMA and a negative value when the 12-period EMA is below the 26-period EMA.
Strategy Logic
Long Entry: When MACD Cross Over Signal Line Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and MACD Cross Under Signal Line Send LXSE
Short Entry: When MACD Cross Under Signal Line Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and MACD Cross Over Signal Line Send SXLE
MACD VXI Strategy Parameters for TradingView Charts
FastLength : 12-period EMA
SlowLength : 26-period EMA
Intraday Trade Session : Entry Trade Will be Taken only on this session.
EXIT Session : Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up alert make sure that You have selected desired script, timeframe, strategy settings, apibridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.
Moving Average Convergence Divergence (MACD) is a trend following momentum indicator that shows the relationship between two moving averages of a security’s price MACD is calculated by subtracting the long-term EMA (26 periods) from the short-term EMA (12 periods) The MACD has a positive value whenever the 12-period EMA is above the 26-period EMA and a negative value when the 12-period EMA is below the 26-period EMA.
Strategy Logic
Long Entry: When MACD Cross Over Signal Line Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and MACD Cross Under Signal Line Send LXSE
Short Entry: When MACD Cross Under Signal Line Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and MACD Cross Over Signal Line Send SXLE
MACD VXI Strategy Parameters for TradingView Charts
FastLength : 12-period EMA
SlowLength : 26-period EMA
Intraday Trade Session : Entry Trade Will be Taken only on this session.
EXIT Session : Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up alert make sure that You have selected desired script, timeframe, strategy settings, apibridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.