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Breakoutindicator

MACD Support ResistanceThis script is dynamic support & resistance based on MACD cross. Resistance= Highest value of candle looks back when MACD crossunder. Support= Lowest value of candle looks back when MACD crossover. Middle line is average of Resistance and Support. Buy when close, LSMA and SMMA crossover middle line. Please use Green Trend Line as SL or Trailing. Sell when close, LSMA and SMMA crossunder middle line. Please use Red Trend Line as SL or Trailing. Let me know if its useful for you in the comments and by giving Like (means a lot to me). Also share your feedback and ideas to improve this script further.
Pine Script® indicator
by venkatachari_n
Mar 13, 2022
1111

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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