The moving average convergence / divergence (MACD) indicator is a pulse oscillator that is mainly used to trade trends. Although it is an oscillator, it is not typically used to identify overbought or oversold conditions. It appears in the diagram as two lines that oscillate without limits. The crossing of the two lines provides trading...
The MACD is a superior derivative of moving average crossovers and was developed by Gerald Appel in 1979 as a market timing tool. MACD uses two exponential moving averages with different bar periods, which are then subtracted to form what Mr. Appel calls the Fast Line. A 9-period moving average of the fast line creates the slow...
Tradingview Built-in Divergence Indicator with RSI is extended for Price Divergence with
- Money Flow
- Demand Index
- Chaikin Money Flow
Thanks to tradingview for providing this unique indicator.
Flexible MACD (Moving Average Convergence/Divergence) Indicator
The Moving Average Convergence Divergence consists of three elements: two moving averages (the MACD line and the signal line) and a histogram. The blue MACD line is the difference between a longer and a shorter EMA (here 13 and 21 periods preset), the red signal line is an SMA (here 8 preset) on the...
The McClellan Oscillator was created by Sherman and Marian McClellan and it is essentially a MACD of the advancing and declining symbols of the day and is best used as a comparison with the biggest stocks such as my example Apple but that is just my opinion. I pulled the symbol names from a Trading View blog so I'm not 100% sure if they are accurate so please let...
Another appoach to finding divergences at MACD. This time I think it is much smoother so I could check for divergences between two "peaks" at MACD.
I added my SL line which is last peak +- 1xATR. And the second line is peak between two points of divergence and most of the time it acts like an SR line.
If the higher timeframe trend backs up our divergence (for...
Since my " MACD & RSI+Stoch + Divergences" is a heavy script
I've split the script in 3 separate ones:
- Stoch RSI
Default settings are without lines (faster)
If you want to see the lines, enable the "Just show Arrows (No Lines)" button
Thank you very much!
This study plots MACD Divergences and has the option of plotting a Top Dog Trading - MOM and DAD Version of the MACD
MACD Histogram and outline change color when increasing or decreasing above or below the zero-line,
Background also changes color according to MACD Line cross of Signal Line and 0 line or The Direction of DAD
Plenty of Alerts so that you dont...
Pretty simple EVWMA (Elastic Volume Weighted Moving Average ) MACD Strategy.
EVWMA is a quite interesting moving average where the period of the MA is defined from the volume itself.
It incorporates volume information in a natural and logical way. The EVWMA can be looked at as an approximation to the average price paid per share.
As a volume period, you can use...
Bonjour/Salut ça va?
Ok enough for the french :) You guys should really stop challenging me on things on Pinescript and asking me if it's possible or not because... that's the second time in a row I'm about to reveal a nice trick
Please take this example as a proof of concept/feasability. This follower said "I'm tired of manually filling the fields of my...
This tool is simple yet very effective. It creates new candles on the chart based on the MACD.
Candles are green when MACD is increasing and red when it is decreasing. All lengths can be adjusted in the input menu and there is an option to plot the signal line.
The rules for using it are pretty simple:
1.Buy on Green
2.Sell on red
//Original creator ChrisMoody with credits to TheLark as well
//Edit & additions by HeCormier
//MACD indicator with histogram. Plots 4 colors based on direction above and belwo teh zero line.
//Backgrown color print based on divergence of macd trend & histogram loss of momentum.
//Recommend using with RSI divergence and CCI coded OBV for confirmations.
It´s just the histogram of the MACD. (Actually it´s not a histogram, I like the Area visualisation more. But you can switch.)
When I´m using the MACD, I´m just searching for a divergence between Price and the MACD-histogram. I´m not interested in the MACD-signalline or the MACD-line in any way. As you can see, The omission of them leads to better visualisation....
This is only a slight modification to the existing "MACD Strategy" strategy plugin!
found the default MACD strategy to be lacking, although impressive for its simplicity. I added "year>2014" to the IF buy/sell conditions so it will only backtest from 2015 and beyond ** .
I also had a problem with the standard MACD trading late, per se. To that end I modified the...