MACD Sniper [trade_lexx]📈 MACD Sniper — Improve your trading strategy with accurate signals!
Introducing the MACD Sniper , an advanced trading indicator designed for a comprehensive analysis of market conditions. This indicator combines MACD (Moving Average Convergence Divergence) with various types of moving averages (SMA, EMA, WMA, VWMA, KAMA, HMA, ZLEMA, TEMA, ALMA, DEMA), providing traders with a powerful tool for generating buy and sell signals. It is ideal for traders who need an advantage in detecting changes in trends and market conditions.
🔍 How the signals work
1. Histogram signals:
— A buy signal is generated when the MACD histogram is below zero and begins to grow after the minimum number of falling histogram columns, which are indicated in the indicator menu. This indicates that selling pressure has decreased, the market is oversold and ready for a rebound. The signals are displayed as green triangles labeled "H" under the histogram graph. On the main chart, buy signals are displayed as green triangles labeled "Buy" under candlesticks.
— A sell signal is generated when the MACD histogram is above zero and begins to fall after the minimum number of growing histogram columns, which are indicated in the indicator menu. This indicates that the buying pressure has decreased, the market is overbought and ready for correction. The signals are displayed as red triangles labeled "H" above the histogram graph. On the main chart, the sell signals are displayed as red triangles with the word "Sell" above the candlesticks.
2. Moving Average Crossing Signals (MA):
— A buy signal is generated when the Fast Moving Average (MACD) crosses the Slow Moving Average (Signal Line) from bottom to top. This indicates a possible upward reversal of the market. The signals are displayed as green triangles labeled "MA" under the MACD chart. On the main chart, buy signals are displayed as green triangles labeled "Buy" under candlesticks.
— A sell signal is generated when the Fast Moving Average (MACD) crosses the slow Moving Average (Signal Line) from top to bottom. This indicates a possible downward reversal of the market. The signals are displayed as red triangles labeled "MA" above the MACD chart. On the main chart, the sell signals are displayed as red triangles with the word "Sell" above the candlesticks.
🔧 Signal filtering
— Minimum number of bars between signals
This filter allows the user to set the minimum number of bars that must pass between the generation of two consecutive signals. This helps to avoid frequent false alarms and improves the quality of the generated signals. Setting this parameter allows you to filter out the noise in the market and make the signals more reliable. For example, if the value is set to 5, then a new signal will be generated only after 5 bars have passed since the previous signal.
— "Wait for the opposite signal" mode
In this mode, Buy and Sell signals are generated only after receiving the opposite signal. This means that a buy signal will be generated only after the previous sell signal, and vice versa. This approach adds an additional level of filtering and helps to avoid false positives. This is especially useful in conditions of high market volatility, when false signals often occur.
— RSI filter
The Relative Strength Index (RSI) is used for additional filtering of buy and sell signals. The RSI helps determine whether a market is overbought or oversold. The user can set overbought and oversold levels, and signals will be generated only when the RSI is in the specified ranges. For example, a buy signal will be generated only if the RSI is in the range between 10 and 30 (oversold), and a sell signal if the RSI is in the range between 70 and 90 (overbought). This helps to avoid false signals in extreme market conditions.
🔌 Connector Histogram, MA, Combined 🔌
These parameters allow you to connect the indicator to trading strategies and test the signals throughout the trading history. This makes the indicator an even more powerful tool for traders who want to test the effectiveness of their strategies on historical data.
Connector Histogram provides the ability to connect signals based on the MACD histogram to trading strategies.
Connector MA allows you to connect signals based on the intersection of moving averages (MA) of the MACD, which can also be used for automatic trading or strategy testing.
The combined connector combines signals based on both a histogram and the intersection of moving averages, making the analysis more comprehensive and reliable, which is especially useful for traders seeking to improve the quality of their trading decisions.
🔔 Alerts
The indicator provides the ability to set up notifications for buy and sell signals, which allows traders to keep abreast of important market events without having to constantly monitor the chart. Users can set up notifications that will alert them when buy or sell signals appear, helping them respond to market changes in a timely manner and make informed decisions. These notifications can be configured for various types of signals, such as signals based on the MACD histogram, moving average crossings, or all at once, which makes the indicator a more convenient and functional tool for active traders.
🎨 Customizable Appearance
Customize the appearance of the MACD Sniper according to your preferences to make the analysis more convenient and visually pleasing. In the indicator settings section, you can change the colors of the buy and sell signals so that they stand out on the chart and are easily visible. For example, buy signals can be green, and sell signals can be red. These settings allow traders to adapt the indicator to their individual needs, making it more flexible and user-friendly.
🔧 How it works
The MACD Sniper indicator starts by calculating the MACD values and moving averages for a specific period in order to assess market conditions. For this, fast and slow moving averages are used, as well as a signal line, which are calculated based on the set parameters. The indicator then analyzes the MACD histogram to determine whether the difference between the fast and slow moving averages is rising or falling. Based on this analysis, buy and sell signals are generated. Additionally, the indicator uses the RSI filter to filter out false signals in overbought or oversold market conditions. The user can set the minimum number of bars between the signals and the "Wait for the opposite signal" mode for additional filtering. The indicator dynamically adjusts to changes in the market, providing relevant signals in real time.
📚 Quick guide to using the MACD Sniper
— Add the indicator to your favorites by clicking on the rocket icon. Adjust the parameters such as the length of periods for fast and slow moving averages, the type of moving average (SMA, EMA, WMA, VWMA, KAMA, HMA, ZLEMA, TEMA, ALMA, DEMA) and the length of the signal line, according to your trading style, or leave all settings as default.
— Adjust the signal filters to improve their quality and avoid false alarms
— Turn on notifications so that you don't miss important trading opportunities and don't constantly sit at the chart. This will allow you to keep abreast of all key market events and respond to them in a timely manner, without being distracted from other business.
— Use signals, they will help you determine the optimal entry and exit points of positions.
— Use the Connector for deeper analysis and verification of the effectiveness of signals, connect them to your trading strategies. This will allow you to test signals throughout your trading history and evaluate their accuracy based on historical data.
— Include the indicator in your trading strategy and run testing to see how buy and sell signals have worked in the past.
— Analyze the test results to determine how reliable the signals are and how they can improve your trading strategy. This will help you make more informed decisions and increase your trading efficiency.
Macdstrategy
MACD Optimizer Pro [Kioseff Trading]Massive update! This script now includes 12 different moving averages and 30+ built-in technical indicators to enhance your trading strategy optimization! (:
This script (MACD Optimizer Pro) allows the user to optimize and test hundreds of MACD strategies, simultaneously, in under 40 seconds. Of course, theoretically, an unlimited number of trading strategies can be tested with the MACD Optimizer Pro. After the optimization period - the MACD Optimizer Pro will show the most profitable MACD strategy or, should you choose, the highest win-rate MACD strategy or the most-efficient MACD strategy!
Optimization results can be backtested and verified using the native TradingView backtester - which is included in the MACD Optimizer Pro - and made easy to use! This feature makes settings alerts a simple practice!
Features
Test hundreds of MACD strategies, simultaneously, in under 40 seconds.
Optimize long MACD strategies and short MACD strategies.
12 different built-in moving averages included to improve your MACD strategy.
30+ built-in technical indicators to improve your MACD strategy.
Runs as a strategy script - profit factor, PnL , win-rate, number of trades, max drawdown, equity curve and other pertinent statistics shown.
Alerts
Optimize any MACD setting
Profit targets, trailing stops, fixed stop losses, and a binary MACD strategy can all be tested.
Strategies can be optimized for highest win rate, highest net profit, most efficient profit.
Limit orders can be simulated.
External indicators can be used for optimization i.e. your own, custom-built indicator, an indicator from your favorite author, or almost any publicly available
TradingView indicator.
Date range for optimization and backtesting are configurable.
Explanation
The image above shows a list of configurations for the optimizer. You can
You can test hundreds of different MACD settings in under 40 seconds on any timeframe, asset, etc.
The image above shows additional settings to filter the outcome of your optimization testing. Additionally, you can test an unlimited number of profit targets and stop losses!
You can add one of several built-in TradingView indicators to filter trade entries.
The image above shows all built-in moving averages and TradingView indicators that can be incorporated into your MACD strategy.
Additionally, you can add your own, custom indicator to the optimization test, your favorite indicator by your favorite author or almost any publicly available indicator on TradingView.
The image above shows the settings section in which you can implement this feature.
The image above shows an example of the custom indicator feature! In this instance, I am using the public indicator titled "Self-Optimizing" RSI and requiring it to measure below a level prior to entry! Almost any custom indicator, your favorite indicator, etc. is compatible with this feature!
The MACD Optimizer has improved user friendliness over previous versions. The optimizer can be as simple or complex as you'd like - capable of handling both "easy" and "difficult" tasks at your discretion.
Additionally, you can configure the optimizer to prioritize MACD strategies that earn profit most efficiently!
The image above shows this feature in action.
You can also configure the optimizer to prioritize MACD strategies that achieve the highest win rate!
The image above shows this feature in action.
Instructions
The instructions below show a rudimentary approach to using the optimizer.
1. Build your strategy in the settings.
You should also disable the "Run a Backtest" feature to improve load times during optimization.
The image above shows my custom strategy settings.
Now that you've got some data on your chart - you should try "Freezing" the "Smoothing" setting for MACD . When doing this, the optimizer will test hundreds of MACD settings with a fixed "Smoothing" setting. Try using the best "Smoothing" setting you were able to find for your initial testing.
2. Take the best "Smoothing" setting and test various MACD and Signal Lengths.
The image above shows me configuring the MACD Optimizer to test different MACD line lengths and Signal line lengths with a fixed "smoothing" setting.
From the results, we can see that there are better MACD settings than what was shown in our initial test!
With this information we can execute a TradingView backtest.
3. Execute a TradingView Backtest.
You must enable the "Run a Backtest" feature to perform a TradingView backtest. Additionally, it's advised to enable the "STOP OPTIMIZATION" feature when performing a TradingView backtest. Enabling this feature will improve load times for the backtest to only a few seconds (since the optimizer won't look for the best setting when this feature is enabled).
The image above shows completion of the process!
From here, you can perform further testing, set alerts, etc.
Backtest Settings Shown
Initial Capital: The initial capital used for the shown backtests is $3,500 USD. Set the initial capital to replicate your true starting capital (: PnL for the MACD strategies (listed in table) is calculated using a starting capital of $10,000 USD.
Slippage: The slippage settings for the displayed backtest was set to 2 ticks.
Commission: Commission was adjusted to 0.1%.
Verify Price for Limit Orders was set to 2 ticks.
Optimization
Trading system optimization is immensely advantageous when executed with prudence.
Technical-oriented, mechanical trading systems work when a valid correlation is methodical to the extent that an objective, precisely-defined ruleset can consistently exploit it. If no such correlation exists, or a technical-oriented system is erroneously designed to exploit an illusory correlation (absent predictive utility), the trading system will fail.
Evaluate results practically and test parameters rigorously after discovery. Simply mining the best-performing parameters and immediately trading them is unlikely a winning strategy. Put as much effort into testing strong-performing parameters and building an accompanying system as you would any other trading strategy. Automated optimization involves curve fitting - it's the responsibility of the trader to validate a replicable sequence or correlation and the trading system that exploits it.
Thanks for checking this out!
[Stochastic, MACD - Double-Cross] – Signal (Expo)Stochastic, MACD – Signal (Expo)
DESCRIPTION
This indicator is pairing the Stochastic and MACD and creates a variant of the famous Double Cross Strategy . The indicator is entirely built upon traditional Stochastic and MACD calculations.
This indicator has built-in flexibility that allows you to determine the interval in which stochastic has to be in. It gives you the opportunity to decide if you only want to have trend signals or also want to have market change signals.
HOW TO USE
1. Determine in which interval stochastics has to be in: (Above X and Below Y)
• "The Oversold-value should be above X." A higher value is used in positive trends. A lower value is used when the market is trading in a range or when there is higher volatility. Lower value has the ability to capture market changes.
•" The Overbought-value should be below Y." This value sets the upper limit so that a signal doesn’t appear when stochastic is overbought.
2. Combine the indicator with the original MACD indicator. In order to confirm the momentum.
3. When a signal appears, consider Enter the market.
INDICATOR IN ACTION
USDJPY
BTCUSD
BTCUSD
Dow Jones Industrial Average Index
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
