1 - Quick introduction
This script is to demonstrate a proof-of-concept - showing you again what you thought wasn't possible might become (with some tricks) in the realm of possibles !!!.
I get requests for people who want a custom screener because the native TradingView Stocks/Forex/Crypto screeners don't allow to plug external indicators. (example: https://www.tradingview.com/crypto-screener/
This is entirely true and I have also good news for you, we can hack the system one more time. As Hackerman would say, "IT"S HACKING TIME !!!" (ref : KUNG FURY. (#geek #reference #done #for #today)
What if you could build your own personalized screener based on your custom indicator? "No Dave stop smoking, that's not possible, go back to eating your baguette". Say no more, let me present you my new script called YOUR CRYPTO Screener (MACD 0 LAG)
2 - What is a MACD ZERO LAG?
We'll all agree this indicator is NOT in the TradingView screeners so I'm not cheating here :)
A MACD ZERO LAG is a MACD that .... suspens.... wait for it.... DOES NOT lag.
The traditional MACD is based on exponential moving averages and as moving averages are lagging, then the MACD is lagging also. I'll spare you all the maths behind the MACD ZERO LAG but in short, this is a way more reactive indicator than the traditional MACD
I shared before the version that I personally use for my own trading : MACD 0 LAG nTREND coloring
3 - Crypto Screener specifications
If I could do a screener as complete as the native one, this would be wonderful but ... we cannot and this is due to technical reasons. To call indicators from different timeframes, I have to use the security function. And we're limited to 40 security calls per indicator.
That explains why I selected 4 crypto assets and 5 timeframes and the MACD zero lag output for each asset/timeframe - which gives a total of 4 * 5 * 2 = 40
You'll be able to select from the interface the 5 timeframes that you want for your screener
In this script, you'll get a :
- BUY whenever the MACD ZERO LAG for your asset/timeframe is green.
- SELL whenever the MACD ZERO LAG for your asset/timeframe is red.
4 - Can you hack it even more?
If you want to add other timeframes or assets, you can either, change the code or add the indicator on another chart.
I made the source code generic enough so that you can update it yourself easily
Chart 1 will list BTCUSD, ETHUSD, LTCUSD, and XRPUSD in m5/m15/m30/H1/H4 and Chart2 could list BTCUSD, ETHUSD, LTCUSD and XRPUSD in H6/H8/H12/Daily, etc...
Once again the sky (and your computer RAM capacity) is the limit
5 - Can you super hack it even more?
1/ This script is only a proof-of-concept that you can build your own custom screener. Imagine having the Algorithm Builder and being able to connect it in a single click to a custom screener using your own configuration :)
How coooooooooooooooool would that be!!!
This screener version will be available on my website in a few weeks along with all the tools I'm spamming you about since the beginning of July (#shameless #self-advertising)
2/ For a nicer scripter, let's keep in mind that TradingView just enabled Webhooks this week. This will allow my company to offer custom screeners design and hosted on your own website. Those screeners will be for sure nicer than the indicator version
That's it for today and for this week
I won't even touch the laptop this weekend and will enjoy life a bit
Love you all
Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
⏩ Trading Course: best-trading-indicator.com/pages/concepts
🐦 Twitter: twitter.com/bti_trading
💰 Discord: discord.gg/8Q4MBus
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.