[SCL] MACD DoubleCross — Indicator by SimpleCryptoLife

Moving Average Convergence / Divergence (MACD) macdcross

macd macdcross

Counts crosses of the MACD and signal lines and derives entry signals. The code for counting the crosses, for deciding what counts as "close enough", and for auto-adjusting for resolutions 1D or longer, might be useful for Pinescripters. The entries and exits themselves are not intended to be used on their own, but could be used as confluence within a trading system. Full explanation is in the script introduction.

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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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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