Coachman0912

MACD Indicator for 5 Min Scalp

This Indicator merges the 1 min MACD with BollingerBands to dedect a bigger than avarage tick on the Macd for the 5 min Scalping Strategy

You can change the length of the bollinger bands for the upper and lower channel individually so that you can get better signals

if a tick is bigger than avarage it will be colored, else it would be gray

this is the same indicator i used to get entrys in my 5 min scalping statagy, but i wouldnt just go in a trade when there is a bigger than usual tick. You have to look at other things to

Release Notes: Added an alert for all bigger than avarage upticks
i recommend to set the alert to once a bar so you get notifed before there will be a possible trade
Open-source script

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