Coinopi_ma/macdi_[babelii]Special MA- Macdi oscillator
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MACD Momentum IndicatorMACD is likely one of the most misunderstood indicators. It is typically plotted with three parts: MACD, Signal line, and histogram. Traders then have the impression that all three parts make up the MACD. In reality, only one plot is the MACD line which we use in our system.
This indicator isolates that MACD line and shows it as a histogram plot with separate colors for rising, falling, positive or negative. You can also view it as a line chart instead which is how I personally view it.
The last piece implemented in this version of the indicator is that you can choose to fill the bars. When you turn on the bar fill, the bar colors on the chart will match the color status of the MACD. This is a quick reference of the MACD.
MACD can be used for regular divergences, and when viewed as a line can also be used for hidden divergences. When above zero, momentum is considered positive. When below zero, it is considered negative.
Elliott Wavers can also utilize the MACD crossing up and down to isolate wave counts. This can be complex, but an impulse isolated on one time frame can be verified as completed once the MACD crosses the zero line on the same time frame.
LA - MACD EMA BandsOverview of the "LA - MACD EMA Bands" Indicator
For Better view, use this indicator along with "LA - EMA Bands with MTF Dashboard"
The "LA - MACD EMA Bands" is a custom technical indicator written in Pine Script v6 for TradingView. It builds on the traditional Moving Average Convergence Divergence (MACD) oscillator by incorporating additional smoothing via Exponential Moving Averages (EMAs) and Bollinger Bands (BB) applied directly to the MACD line. This creates a multi-layered momentum and volatility tool displayed in a separate pane below the price chart (not overlaid on the price itself).
The indicator allows for customization, such as selecting a different timeframe (for multi-timeframe analysis) and adjusting period lengths. It fetches data from the specified timeframe using request.security with lookahead enabled to avoid repainting issues. The core idea is to provide insights into momentum trends, crossovers, and volatility expansions/contractions in the MACD's behavior, making it suitable for identifying potential trend reversals, continuations, or ranging markets.
Unlike a standard MACD, which focuses primarily on momentum via a single line, signal line, and histogram, this version emphasizes longer-term smoothing and volatility boundaries. It uses visual fills between lines to highlight bullish/bearish conditions, aiding quick interpretation. Below, I'll break down each component, its calculation, visual representation, and practical uses.
Detailed Breakdown of Each Component and Its Uses
MACD Line (Blue Line, Labeled 'MACD Line')
Calculation: This is the core MACD value, computed as the difference between a fast EMA (default length 12) and a slow EMA (default length 144) of the input source (default: close price). The EMAs are calculated on data from the selected timeframe.
Visuals: Plotted as a solid blue line.
Uses:
Measures momentum: When above zero, it indicates bullish momentum (prices rising faster in the short term); below zero, bearish momentum.
Trend identification: Rising MACD suggests strengthening uptrends; falling suggests downtrends.
Divergence spotting: Compare with price action—e.g., if price makes higher highs but MACD makes lower highs, it signals potential bearish reversal (and vice versa for bullish divergence).
In trading: Often used for entry/exit signals when crossing the zero line or other lines in the indicator.
MACD EMA (Red Line, Labeled 'MACD EMA')
Calculation: A 12-period EMA applied to the MACD Line itself.
Visuals: Plotted as a solid red line.
Uses:
Acts as a signal line for the MACD, smoothing out short-term noise.
Crossover signals: When the MACD Line crosses above the MACD EMA, it can signal a bullish buy opportunity; crossing below suggests a bearish sell.
Trend confirmation: Helps filter false signals in choppy markets by requiring confirmation from this slower-moving average.
In trading: Useful for momentum-based strategies, like entering trades on crossovers in alignment with the overall trend.
Fill Between MACD Line and MACD EMA (Green/Red Shaded Area, Titled 'MACD Fill')
Calculation: The area between the MACD Line and MACD EMA is filled with color based on their relative positions.
Color Logic: Green (with 57% transparency) if MACD Line > MACD EMA (bullish); red if MACD Line < MACD EMA (bearish).
Visuals: Semi-transparent fill for easy visibility without overwhelming the lines.
Uses:
Quick visual cue for momentum shifts: Green areas highlight bullish phases; red for bearish.
Enhances readability: Makes crossovers more apparent at a glance, especially in fast-moving markets.
In trading: Can be used to time entries/exits or as a filter (e.g., only take long trades in green zones).
Bollinger Bands on MACD (BB Upper: Black Dotted, BB Basis: Maroon Dotted, BB Lower: Black Dotted)
Calculation: Bollinger Bands applied to the MACD Line.
BB Basis: 144-period EMA of the MACD Line.
BB Standard Deviation: 144-period stdev of the MACD Line.
BB Upper: BB Basis + (2.0 * BB Stdev)
BB Lower: BB Basis - (2.0 * BB Stdev)
Visuals: Upper and lower bands as black dotted lines; basis as maroon dotted
Uses:
Volatility measurement: Bands expand during high momentum volatility (strong trends) and contract during low volatility (ranging or consolidation).
Mean reversion: When MACD Line touches or exceeds the upper band, it may signal overbought conditions (potential sell); lower band for oversold (potential buy).
Squeeze detection: Narrow bands (squeeze) often precede big moves—watch for breakouts.
In trading: Combines momentum with volatility; e.g., a MACD Line breakout above the upper band could confirm a strong uptrend.
BB Basis EMA (Green Line, Labeled 'BB Basis EMA')
Calculation: A 72-period EMA applied to the BB Basis (which is already a 144-period EMA of the MACD Line).
Visuals: Solid green line.
Uses:
Further smoothing: Provides a longer-term view of the MACD's average behavior, reducing noise from the BB Basis.
Trend direction: Acts as a baseline for the BB system—above it suggests bullish bias in momentum volatility; below, bearish.
Crossover with BB Basis: Can signal shifts in volatility trends (e.g., BB Basis crossing above BB Basis EMA indicates increasing bullish volatility).
In trading: Useful for confirming longer-term trends or as a filter for BB-based signals.
Fill Between BB Basis and BB Basis EMA (Gray Shaded Area, Titled 'BB Basis Fill')
Calculation: The area between BB Basis and BB Basis EMA is filled.
Color Logic: Currently set to a constant semi-transparent gray regardless of position.
Visuals: Semi-transparent gray fill.
Uses:
Highlights divergence: Shows when the shorter-term BB Basis deviates from its longer-term EMA, indicating potential volatility shifts.
Visual aid for crossovers: Makes it easier to spot when BB Basis crosses its EMA.
In trading: Could be used to identify overextensions in volatility (e.g., wide gray areas might signal impending mean reversion).
Zero Line (Black Horizontal Line)
Calculation: A simple horizontal line at y=0.
Visuals: Solid black line.
Uses:
Reference point: Divides bullish (above) from bearish (below) territory for all MACD-related lines.
In trading: Crossovers of the zero line by the MACD Line or BB Basis can signal major trend changes.
How It Differs from a Normal MACD
A standard MACD (e.g., the built-in TradingView MACD with defaults 12/26/9) consists of:
MACD Line: EMA(12) - EMA(26).
Signal Line: EMA(MACD Line, 9).
Histogram: MACD Line - Signal Line (bars showing convergence/divergence).
Key differences in "LA - MACD EMA Bands":
Periods: Uses a much longer slow EMA (144 vs. 26), making it more sensitive to long-term trends but less reactive to short-term price action. The MACD EMA is 12 periods (vs. 9), further emphasizing smoothing.
No Histogram: Replaces the histogram with fills and bands for visual emphasis on crossovers and volatility.
Added Bollinger Bands: Applies BB directly to the MACD Line (with a long 144-period basis), introducing volatility analysis absent in standard MACD. This helps detect "squeezes" or expansions in momentum.
Additional EMA Layer: The BB Basis EMA (72-period) adds a secondary smoothing level to the BB system, providing a hierarchical view of momentum (short-term MACD → mid-term BB → long-term EMA).
Multi-Timeframe Support: Built-in option for higher timeframes, unlike basic MACD.
Focus: Standard MACD is purely momentum-focused; this version integrates volatility (via BB) and multi-layer smoothing, making it better for trend-following in volatile markets but potentially overwhelming for beginners.
Overall, this indicator transforms the MACD from a simple oscillator into a comprehensive momentum-volatility hybrid, reducing false signals in trending markets but introducing lag.
Overall Pros and Cons
Pros:
Enhanced Visualization: Fills and bands make trends, crossovers, and volatility easier to spot without needing multiple indicators.
Reduced Noise: Longer periods (144, 72) smooth out whipsaws, ideal for swing or position trading in trending assets like stocks or forex.
Volatility Integration: BB adds a dimension not in standard MACD, helping identify breakouts or consolidations.
Customizable: Inputs for timeframes and lengths allow adaptation to different assets/timeframes.
Multi-Layered Insights: Combines short-term signals (MACD crossovers) with long-term confirmation (BB EMA), improving signal reliability.
Cons:
Lagging Nature: Long periods (e.g., 144) delay signals, missing early entries in fast markets or leading to late exits.
Complexity: Multiple lines and fills can clutter the pane, requiring experience to interpret; beginners might misread it.
Potential Overfitting: Custom periods (12/144/12/144/72) may work well on historical data but underperform in live trading without backtesting.
No Built-in Alerts/Signals: Relies on visual interpretation; users must manually set alerts for crossovers.
Resource Intensive: On lower timeframes or with lookahead, it might slow chart loading on Trading View.
This indicator shines in strategies combining momentum and volatility, like trend-following with BB squeezes, but test it on your assets (e.g., via backtesting) to ensure it fits your style.
For Better view, use this indicator along with "LA - EMA Bands with MTF Dashboard"
Anchored Volume-Weighted RSI & Multi-Normalized MACDAnchored Volume-Weighted RSI & Multi-Normalized MACD
Author: NEPOLIX
Overview
The "Anchored Volume-Weighted RSI & Multi-Normalized MACD" is a sophisticated Pine Script v6 indicator designed for TradingView. It combines an Anchored Volume-Weighted Relative Strength Index (VW-RSI) with a Multi-Normalized Moving Average Convergence Divergence (MACD) to provide traders with enhanced market analysis tools. This indicator allows for customizable anchoring, multiple normalization techniques, and stepped visualization for precise trend and momentum analysis.
Features
Anchored VW-RSI: Calculates a volume-weighted RSI anchored to a user-defined or auto-detected time point, offering a unique perspective on momentum with volume influence.
Multi-Normalized MACD: Supports various normalization methods, including Volume-Weighted, Min-Max, Volatility, Hyperbolic Tangent, Arctangent, and Min-Max with Smoothing, ensuring adaptability to different market conditions.
Flexible Anchoring: Choose from auto-detected anchor modes (1-day, 5-day, 30-day) or manual anchor time selection for tailored analysis starting from a specific point.
Stepped Visualization: Optional stepped mode for RSI and MACD values, reducing noise and highlighting significant changes based on user-defined thresholds.
Smoothing Options: Supports multiple moving average types (SMA, EMA, SMMA, WMA, VWMA) for RSI smoothing, with optional Bollinger Bands for volatility analysis.
Derivative Analysis: Plots derivatives for RSI and MACD to identify rate-of-change trends, with adjustable scaling and filtering.
Customizable Display: Options to toggle MACD line, signal line, histogram, and cross-point dots, with dynamic color changes based on market conditions.
Multi-Timeframe Support: Fetch data from higher timeframes for broader market context.
User-Friendly Inputs: Comprehensive input settings for general parameters, anchor settings, RSI, MACD, derivatives, and display options, organized into clear groups.
How It Works
VW-RSI: Computes a volume-weighted RSI by anchoring calculations to a specified time, using volume-weighted gains and losses for a more robust momentum indicator.
MACD Normalizations: Applies user-selected normalization techniques to the MACD, scaling it within defined bounds (-50 to 50 by default) for consistent comparison across instruments.
Anchoring Mechanism: Aligns calculations to a user-defined or auto-calculated anchor point (e.g., market open time adjusted for America/New_York timezone).
Stepped Mode: Discretizes RSI and MACD values into sections for clearer trend identification, with customizable section width and zero range.
Visualization: Plots RSI, MACD, signal lines, and histograms, with optional Bollinger Bands, derivatives, and stepped lines. Dynamic coloring highlights crossovers and histogram trends.
Use Cases
Trend Analysis: Use the anchored VW-RSI and normalized MACD to identify momentum shifts and trend strength.
Reversal Detection: Monitor overbought/oversold levels and MACD crossovers for potential reversal points.
Volatility Assessment: Leverage Bollinger Bands and volatility-normalized MACD for insights into market volatility.
Custom Strategies: Export variables (RSI, MACD, signal, etc.) for use in companion scripts or automated trading strategies.
Settings
General: Adjust section width, zero range, timeframe, and enable stepped mode.
Anchor Settings: Select auto or manual anchor modes, with options for 1-day, 5-day, or 30-day auto-anchoring, or manual bar selection.
RSI: Configure price source, length, smoothing type, Bollinger Bands multiplier, and derivative settings.
MACD: Set price source, fast/slow/signal lengths, normalization types, and derivative parameters.
Derivatives: Customize scale factors and filters for RSI and MACD derivatives.
Display Options: Toggle visibility of MACD, signal line, histogram, and crossover dots, with options for color changes.
Notes
Ensure the anchor time is valid when using manual mode by selecting a bar on the chart.
Normalization options should be chosen based on the instrument and market conditions for optimal results.
Stepped mode is ideal for reducing noise in volatile markets but requires careful threshold tuning.
The indicator is computationally intensive due to multiple normalizations; test on smaller datasets if performance issues arise.
Multifactor Buy/Sell Strategy V2 | RSI, MACD, ATR, EMA, Boll.BITGET:1INCHUSDT
This Pine Script code for TradingView is a multifactor Buy/Sell indicator that combines several technical factors to generate trading signals based on trend, volatility, and volume conditions. Here’s a breakdown of the main components and functionality:
Indicator Name
- Multifactor Buy/Sell Strategy V2 — an overlay indicator applied directly on the price chart.
### Input Parameters
The script includes multiple customizable parameters:
- RSI, EMA, MACD parameters — for setting periods and signals of MACD and RSI.
- ATR and Bollinger Bands — used for volatility analysis and level determination.
- Minimum Volatility Threshold — sets a minimum Bollinger Band width threshold for determining high volatility.
Core Indicators
1. RSI — calculated to identify oversold (below 30) and overbought (above 70) conditions.
2. EMA and MACD — calculates exponential moving averages and MACD histogram to determine trend direction.
3. ATR and Bollinger Bands — used to assess current volatility and establish dynamic upper and lower bands.
Volatility and Volume Analysis
- Determines the current ATR level and Bollinger Band width to evaluate high volatility.
- Calculates the volume moving average to track periods of increased volume during high volatility.
Trend Analysis
The script uses the difference between fast and slow EMAs to define strong trends:
- Uptrend — when the fast EMA is above the slow EMA, the price is above the fast EMA, and the trend is strong.
- Downtrend — when the fast EMA is below the slow EMA, the price is below the fast EMA, and the trend is strong.
Momentum Filter
- Based on the price change over the last three bars and compared against the minimum volatility threshold to identify strong momentum.
Buy and Sell Signal Generation
- Buy Signal: Uptrend with RSI oversold, positive MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
- Sell Signal: Downtrend with RSI overbought, negative MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
Visualization
- Buy and sell signals are displayed as green and red triangles on the chart.
- Plots for fast and slow EMAs, upper and lower bands, and Bollinger Bands.
Alerts
The script includes alert conditions for buy and sell signals, allowing notifications to be sent via email or mobile app.
Information Panel
A small table on the chart displays current volatility dataThis Pine Script code for TradingView is a multifactor Buy/Sell indicator that combines several technical factors to generate trading signals based on trend, volatility, and volume conditions. Here’s a breakdown of the main components and functionality:
Indicator Name
- Multifactor Buy/Sell Strategy V2 — an overlay indicator applied directly on the price chart.
Input Parameters
The script includes multiple customizable parameters:
- **RSI, EMA, MACD parameters** — for setting periods and signals of MACD and RSI.
- **ATR and Bollinger Bands** — used for volatility analysis and level determination.
- **Minimum Volatility Threshold** — sets a minimum Bollinger Band width threshold for determining high volatility.
Core Indicators
1. RSI — calculated to identify oversold (below 30) and overbought (above 70) conditions.
2. EMA and MACD — calculates exponential moving averages and MACD histogram to determine trend direction.
3. ATR and Bollinger Bands — used to assess current volatility and establish dynamic upper and lower bands.
Volatility and Volume Analysis
- Determines the current ATR level and Bollinger Band width to evaluate high volatility.
- Calculates the volume moving average to track periods of increased volume during high volatility.
Trend Analysis
The script uses the difference between fast and slow EMAs to define strong trends:
- Uptrend — when the fast EMA is above the slow EMA, the price is above the fast EMA, and the trend is strong.
- Downtrend — when the fast EMA is below the slow EMA, the price is below the fast EMA, and the trend is strong.
Momentum Filter
- Based on the price change over the last three bars and compared against the minimum volatility threshold to identify strong momentum.
Buy and Sell Signal Generation
- Buy Signal: Uptrend with RSI oversold, positive MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
- Sell Signal: Downtrend with RSI overbought, negative MACD histogram, high volatility and volume, strong momentum, and sufficient Bollinger Band width.
Visualization
- Buy and sell signals are displayed as green and red triangles on the chart.
- Plots for fast and slow EMAs, upper and lower bands, and Bollinger Bands.
Alerts
The script includes alert conditions for buy and sell signals, allowing notifications to be sent via email or mobile app.
Information Panel
A small table on the chart displays current volatility
- Volatility Status — indicates high or low volatility.
- Bollinger Band Width — current width as a percentage.
- ATR Ratio — ratio of current ATR to long-term average ATR.
This script is suitable for trading in high-volatility conditions, combining multiple filters and factors to generate precise buy and sell signals.
RSI or MACD + Tendance Kijun LTThis script is an update of my previous script "RSI + Tendance Kijun LT", I will not explain it here, if needed have a look at it :
I made a new script (and not update the previous one) because some people may not be interested by MACD and for performance perspective they may be interested to only have RSI (since you can't have both but only switch from RSI and MACD)
So now, you can choose to have MACD instead of RSI with long term trend based on Kijun still dispaying. Why am I adding MACD even if most of the time I never use it ? It's for Elliott Wave purpose and principaly for triangle. With MACD, you can easily identify if you're forming a triangle or not in an Elliott Wave perspective (I'm not speaking about chartist triangle).
As an example, you can see ETHUSD in daily and something looking similar to a triangle. We can trade it with many possibility (breakout, support/resistance) but I'm interested in to identify if it's a triangle with an EW count (not chartist) and if it's the case I will consider different scenario (triangle are most of the time wave 4 so we could have one more push leg down on this ticker)
So, in my daytrading I'm still always using RSI except when I want to verify if we have a triangle :) and I need to switch to MACD for that to check the following things :
- am I able to draw a triangle as the price did
- may I able to join A to C and B to D and still have a triangle on MACD
- If Yes, I will take care of E point because it's the start of the 5th wave (E point may be a truncated wave of the triangle and not join the line of points A to C)
By adding this in my strategy, I can anticipate different scenarios and invalidate them if I didn't get the triangle on MACD (by having a D point on MACD not respecting the triangle form). Don't forget, we can decide to don't trade a triangle as an EW count but still trade it as a chartist form (breakout or anything else).
In summary for the next days/weeks, on ETHUSD in daily time unit I will therefore wait and see if the price goes up to point D by being validated on the MACD. If so, then I will look at the possible formation of point E around prices 141$ and 156$, if at these prices I have short signals then it will be interesting to go back in short position
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Ce script est une mise à jour de mon script précédent "RSI + Tendance Kijun LT", je ne l'expliquerai pas ici, si besoin jetez-y un oeil :
J'ai fait un nouveau script (sans forcer la mise à jour du précédent) parce que certaines personnes peuvent ne pas être intéressées par MACD et pour des raisons de performance, elles peuvent être intéressées à n'avoir que RSI (puisque vous ne pouvez pas avoir les deux en même temps mais seulement passer de RSI et MACD)
Donc maintenant, vous pouvez choisir d'avoir MACD au lieu de RSI avec une tendance à long terme basée sur Kijun qui s'affiche toujours. Pourquoi est-ce que j'ajoute MACD même si la plupart du temps je ne l'utilise jamais ? C'est pour Elliott Wave et surtout pour le triangle. Avec MACD, vous pouvez facilement identifier si vous formez un triangle ou non dans une perspective Elliott Wave (je ne parle pas de triangle chartiste).
Par exemple, vous pouvez voir que sur ETHUSD en unité de temps journalière nous avons quelque chose qui ressemble à un triangle. Nous pouvons faire des trade de pleins de manières différentes (cassure d'oblique, support/résistance) mais je suis intéressé d'identifier si c'est un triangle avec un compte EW (pas chartiste) et si c'est le cas, je vais envisager un scénario différent (sachant que les triangles sont la plupart du temps la vague 4 et donc envisager à la sortie une dernière poussée baissière type vague 5 sur ETHUSD)
Donc, dans mon daytrading, j'utilise toujours RSI sauf quand je veux vérifier si nous avons un triangle :) et j'ai besoin de passer à MACD afin de vérifier les éléments suivantes :
- Suis-je capable de dessiner un triangle comme le prix le dessine
- puis-je joindre A à C et B à D et toujours avoir un triangle sur MACD ?
- Si oui, je m'occupe du point E car c'est le début de la 5ème vague (le point E peut être une onde tronquée du triangle et ne pas joindre la ligne des points A à C).
En ajoutant cela dans ma stratégie, je peux anticiper différents scénarios et les invalider si je n'ai pas obtenu le triangle sur MACD (en ayant un point D sur MACD ne respectant pas la forme du triangle). N'oubliez pas, nous pouvons décider de ne pas le trade comme un triangle d'un décompte EW mais de le trade simplement comme un triangle chartiste (breakout ou autre chose).
En résumé pour les prochains jours/semaines, sur ETHUSD en unité de temps journalière je vais donc patienter et voir si le prix va jusqu'au point D en étant validé sur le MACD. Si oui, alors je regarderai l'éventuelle formation du point E autour des prix 141$ et 156$, si à ces prix j'ai des signaux vendeurs alors il sera intéressant de rentrer en position short
Advanced MACD Pro (WhiteStone_Ibrahim) - T3 Themed✨ Advanced MACD Pro (WhiteStone_Ibrahim) - T3 Themed ✨
Take your MACD analysis to the next level with the Advanced MACD Pro - T3 Themed indicator by WhiteStone_Ibrahim! This isn't just another MACD; it's a comprehensive toolkit packed with advanced features, unique T3 integration, and extensive customization options to provide deeper market insights.
Whether you're a seasoned trader or just starting, this indicator offers a versatile and powerful way to analyze momentum, identify trends, and spot potential reversals.
Key Features:
Core MACD Functionality:
Classic MACD Line: Calculated from customizable Fast and Slow EMAs using your chosen source (Close, Open, HLC3, etc.).
Standard Signal Line: EMA of the MACD line, with adjustable length.
Dynamic MACD Line Coloring: Automatically changes color based on whether it's above or below the zero line (positive/negative).
Zero Line: Clearly plotted for reference.
Enhanced MACD Histogram:
Sophisticated Color Coding: The histogram isn't just positive or negative. It intelligently colors based on momentum strength and direction:
Strong Bullish: MACD above signal, histogram increasing.
Weakening Bullish: MACD above signal, histogram decreasing.
Strong Bearish: MACD below signal, histogram decreasing.
Weakening Bearish: MACD below signal, histogram increasing.
Neutral: Default color for other conditions.
Optional Histogram Smoothing: Smooth out the histogram noise using one of five different moving average types: SMA, EMA, WMA, RMA, or the advanced T3 (Tilson T3). Customize smoothing length and T3 vFactor.
🌟 Unique T3 Integration (T3 Themed):
Extra T3 Signal Line (on MACD): An additional, fast-reacting T3 moving average calculated directly from the MACD line. This provides an alternative and often quicker signal.
Customizable T3 length and vFactor.
Dynamic Coloring: The T3 Signal Line changes color (bullish/bearish) based on its crossover with the MACD line, offering clear visual cues.
T3 is also available as a smoothing option for the main histogram (see above).
🔍 Disagreement & Divergence Detection:
Bar/Price Disagreement Markers:
Highlights instances where the price bar's direction (e.g., a bullish candle) contradicts the current MACD momentum (e.g., MACD below its signal line).
Visual markers (circles) appear above/below bars to draw attention to these potential early warnings or confirmations.
Histogram Color Change on Disagreement: Optionally, the histogram can adopt distinct alternative colors during these bar/price disagreements for even clearer visual alerts.
Classic Bullish & Bearish Divergence Detection:
Automatically identifies regular divergences between price action (Higher Highs/Lower Lows) and the MACD line (Lower Highs/Higher Lows).
Customizable pivot lookback periods (left and right bars) for divergence sensitivity.
Plots clear "Bull" and "Bear" labels on the price chart where divergences occur.
🎨 Extensive Customization & Visuals:
Multiple Color Themes: Choose from pre-set themes like 'Dark Mode', 'Light Mode', 'Neon Night', or use 'Default (Current Settings)' to fine-tune every color yourself.
Granular Control (Default Theme): Individually customize colors and thickness for:
MACD Line (positive/negative)
Standard Signal Line
Extra T3 Signal Line (bullish/bearish)
Histogram (all four momentum states + neutral)
Disagreement Markers & Histogram Alt Colors
Divergence Lines/Labels
Zero Line
Toggle Visibility: Easily show or hide the Standard Signal Line and the Extra T3 Signal Line as needed.
🔔 Comprehensive Alert System:
Stay informed of key market events with a wide array of configurable alerts:
MACD Line / Standard Signal Line Crossover
Histogram / Zero Line Crossover
MACD Line / Zero Line Crossover
Bullish Divergence Detected
Bearish Divergence Detected
Bar/Price Disagreement (Bullish & Bearish)
MACD Line / Extra T3 Signal Line Crossover
Each alert can be individually enabled or disabled.
The Advanced MACD Pro - T3 Themed indicator is designed to be your go-to tool for momentum analysis. Its rich feature set empowers you to tailor it to your specific trading style and gain a more nuanced understanding of market dynamics.
Add it to your charts today and experience the difference!
(Developed by WhiteStone_Ibrahim)
Linear Volume MACD | Lyro RS📊 Linear Volume MACD | Lyro RS is an advanced momentum and trend detection tool that fuses price action with volume-weighted MACD logic and linear regression analysis . Designed for traders seeking deeper insights into market strength and directional conviction, this indicator highlights trend shifts, volume anomalies, and potential reversal zones with precision.
✨ Key Features :
🔁 Multi-Mode Analysis: Switch between Linear Regression , Strong/Weak Trend , or Volume MACD logic.
📐 Volume-Adjusted MACD: Incorporates volume for a more realistic momentum view.
📊 Linear Regression Signal: Smoother and more reactive trend analysis.
🎯 Dynamic Stdev Bands: Visualize ±1 and ±2 standard deviation thresholds for anomaly detection.
🌈 Custom Color Themes: Choose from built-in palettes or define your own bullish/bearish signal colors.
⚠️ Alert Conditions: Built-in alerts notify you of potential trend shifts across all signal modes.
📈 How It Works :
🧮 MACD Core: Uses volume-weighted price to generate fast and slow EMAs, forming the MACD and signal lines.
📉 Histogram Logic: Histogram is either the traditional MACD histogram or its linear regression version.
📊 Signal Modes:
• Linear Regression: Detect trend based on smoothed MACD behavior.
• Strong/Weak Trend: Identifies accelerating/decelerating trend strength.
• Volume MACD: Classic volume MACD behavior for divergence spotting.
📏 Stdev Bands: Calculated over a long period (default 200) to highlight statistically significant moves.
🎨 Color-coded Feedback: Bar and background colors adjust dynamically with market condition.
⚙️ Customization Options :
🔄 Choose your Signal Type from three unique analysis modes.
📏 Modify Fast/Slow/Signal lengths and Regression parameters to suit your strategy.
📈 Enable or disable Stdev Bands and adjust multiplier.
🎨 Select from Classic, Mystic, Accented, or Royal color palettes — or create your own.
📌 Use Cases :
🟢 Identify trend continuation or reversal zones with volume-adjusted signals.
🔴 Detect volatility breakouts using standard deviation bands.
🧭 Use in confluence with price structure, RSI, or market sentiment.
⚠️ Disclaimer :
This indicator is for educational purposes only. It is not financial advice. Always use in conjunction with your own research and risk management strategy.
Leading MACD (Expo)Leading MACD (Expo) is designed to anticipate future price action, enabling traders to predict market movements ahead of time. The idea of a leading indicator is that traders can get in before the price move happens and ride the entire trend.
█ Moving average convergence divergence (MACD) is considered one of the most effective momentum and trend-following oscillators. However, the MACD is based on historical price action, making it a lagging indicator. A lagging indicator usually provides signals or insight once the price movement has passed or is in progress. That is why lagging indicators often are used to confirm a price trend or a move. On the other hand, the MACD histogram is more of a leading feature that can act as a sign of future trend changes.
█ The Leading MACD indicator takes all advantages of the traditional MACD and converts it into a fast-moving and leading oscillator that provides real-time insights about potential future price moves. As a result, it gives traders time to analyze a possible upcoming price move before it happens and be prepared for what's coming. However, the leading MACD should be combined with other forms of technical analysis to confirm potential entries and exits.
█ Leading vs. Lagging MACD
The leading MACD looks ahead and helps traders prepare for potential price moves. The traditional (lagging) MACD confirms price action that already has happened. A leading indicator reacts quicker to price changes, while a lagging indicator reacts slower. The different types of MACD have their own advantages and drawbacks, so make sure you understand the leading MACD and see if it fits in with your trading strategy.
█ HOW TO USE
Use the Leading MACD to get insights about potential price changes ahead of time. Get insights about whether a bullish or bearish move is strengthening or weakening. Other common ways are looking for divergences, finding trends, and measuring current momentum.
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Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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 the 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, backtest, 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/Algos/Systems are only for educational purposes!
CT Reverse MACD CrossIntroducing the Reverse MACD Cross
MACD.... short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s.
It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
Prior work by Johny Dough showed how we can compute the price level required to make the MACD stay at its current level,
and also how to compute the price level required for the MACD to cross the zero line.
I have brought that idea to it logical conclusion for the MACD by creating a new function which also computes the price level required to cross the MACD with its signal line.
This allows the user to quickly see all of the most relevant information from the MACD and the actual price levels where the indicator will change its posture.
The MACD indicator (or "oscillator") is a collection of three time series calculated from historical price data, most often the closing price.
These three series are:
the MACD series proper shown here in blue
the "Signal Line" or "average" series shown here in red
the "Divergence" series which is the difference between the two shown here as a histogram.
There is also usually a baseline set at zero.
The MACD series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series.
The average series (signal line) is an EMA of the MACD series itself.
The MACD indicator thus depends on three parameters, namely the time periods of the three EMAs.
The notation "MACD ( a, b, c )" usually denotes the standard indicator where the MACD series is the difference of EMAs with characteristic times a and b, and the average series is an EMA of the MACD series with characteristic time c.
There is an infobox which displays...
Whether the MACD is falling or rising
the price level which will make the MACD to change from rising to falling or vice versa
the price level which will cause the MACD to cross the signal line
the price level which will cause the MACD to cross the zero line
The most commonly used values are 12 for the fast, 26 for the slow, and 9 for the signal line, that is, MACD ( 12, 26, 9 ) .
The MACD and average series are customarily displayed as continuous lines in a plot whose horizontal axis is time oscillating above and below a zero line, whereas the divergence is commonly shown as a bar graph / histogram.
A fast EMA responds more quickly than a slow EMA to recent changes in a stock's price.
By comparing EMAs of different periods, the MACD series can indicate changes in the trend of a stock.
It is claimed that the divergence series can reveal subtle shifts in the stock's trend.
Since the MACD is based on moving averages, it is a lagging indicator. As a future metric of price trends, the MACD is less useful for stocks that are not trending (trading in a range) or are trading with unpredictable price action.
Jurik JMA/DWMA MACDHello friends,
Meet the Jurik JMA/DWMA MACD — an oscillator version of the crossover system originally recommended by Mark Jurik. It combines the Jurik Moving Average (JMA) and the Double Weighted Moving Average (DWMA) to form a smooth yet highly responsive convergence/divergence signal.
🛠 How It Works
Unlike standard EMA-based MACDs, this version uses Jurik's advanced non-lagging smoothing method to eliminate noise without sacrificing responsiveness , resulting in exceptionally clear and timely momentum readings.
I use the best original JMA clone available on TradingView — its behavior closely matches the genuine Jurik algorithm.
As Mark Jurik stated:
“Of all the different combinations of moving average filters to use for a MACD oscillator, we prefer using the JMA–DWMA combination.”
This oscillator measures the distance between JMA and DWMA, revealing when short-term momentum diverges from the longer-term trend. The result is a non-lagging MACD-style signal that highlights shifts in trend strength, early reversals, and exhaustion zones — all with Jurik-level smoothness and precision.
🔥 Key Features
Non-lagging, noise-reduced oscillator response
Peak highlighting
Built-in alerts for bullish and bearish peaks
If you'd like access or have any questions, feel free to reach out to me directly via DM.
👋 Good luck and happy trading!
Paid script
WHANG EMA-MACD🔥 Smart EMA14 x EMA70 + MACD Trend Alert System
Description:
Tired of chasing false signals?
This simple but powerful indicator helps you catch real trend moves — not the noise.
When EMA14 crosses EMA70 with MACD confirmation, and both EMAs point the same way, you’ll get a clean Buy or Sell alert right on your chart.
No messy settings, no guessing — just clear signals in strong trends.
✨ Features:
🔔 Real-time alerts via “Any alert() function call”
🟢 Buy when EMA14 crosses above EMA70 + MACD > 0
🔴 Sell when EMA14 crosses below EMA70 + MACD < 0
📈 Trades only when both EMAs slope in the same direction
⚙️ Customizable inputs for any market or timeframe
How to use:
Add the indicator to your chart
Create an alert → choose Any alert() function call
Relax and wait for your signals — no need to watch every candle!
Perfect for traders who want to follow the trend, avoid sideways traps, and get early alerts when momentum kicks in 🚀
Divergence Indicator Multi [TradingFinder] MACD AO RSI DIV Chart🔵 Introduction
🟣 What is Divergence in Financial Markets?
Divergence in technical analysis happens when the price of a stock moves in a direction opposite to certain indicators. This is a crucial concept in financial markets as it can signal either a trend reversal or a continuation of the current correction in the trend. Understanding divergence helps traders and analysts make more informed decisions.
🟣 Positive Regular Divergence (RD+)
A positive regular divergence occurs at the end of a downtrend, where two price lows form. This divergence appears when the price chart shows a new low, but the indicator does not follow, signaling potential buying opportunities.
Positive divergence indicates increased buying pressure and reduced selling pressure, making it a useful signal for forecasting price increases.
🟣 Negative Regular Divergence (RD-)
A negative regular divergence is seen during an uptrend when two price highs form. The price chart records a new high, but the indicator does not reflect this change, suggesting that a market downturn is likely.
This type of divergence shows strong selling pressure and weaker buying activity, which can help identify selling opportunities.
Both positive and negative divergences are powerful tools for identifying potential trend reversals and key support and resistance levels. For example, when an indicator trends upward while the price moves downward, this creates divergence, warning traders to reconsider their investment strategy.
🟣 Different Types of Divergence in Trading
1. Regular Divergence :
o Positive Regular Divergence (RD+)
o Negative Regular Divergence (RD-)
2. Hidden Divergence :
o Positive Hidden Divergence (HD+)
o Negative Hidden Divergence (HD-)
3.Time Divergence.
Note : This guide focuses specifically on Regular Divergence.
🟣 What is Regular Divergence?
Regular Divergence, often referred to as convergence, occurs when price action and indicators show conflicting patterns, usually signaling the end of a trend. Detecting regular divergence helps traders anticipate potential trend reversals or the formation of reversal patterns.
🔵 How to Use
To optimize the detection of divergence, you can adjust the Fractal Period to specify the length of time for identifying divergence patterns.
Additionally, with the Divergence Detection Method, you can select oscillators like the MACD, RSI, or AO to base divergence detection on.
Divergence in MACD :
MACD divergence occurs when the price chart forms an opposite pattern compared to the MACD line, indicating a potential price reversal.
Divergence in RSI :
In a downtrend, if the price chart forms two consecutive lows with the second lower than the first, but the RSI shows two lows with the second higher, this indicates positive regular divergence, which is a buy signal.
On the other hand, during an uptrend, if the price forms two highs with the second higher than the first, but the RSI shows the second high lower, this points to negative regular divergence, indicating a sell signal.
Divergence in AO (Awesome Oscillator) :
The AO indicator calculates histograms using the difference between 5-period and 34-period simple moving averages. It compares peaks and troughs of these histograms with price movements, detecting divergence and plotting lines and arrows to signal divergence.
🔵 Table
The following table breaks down the main features of the oscillator. It covers four critical categories: Exist, Consecutive, Divergence Quality, and Change Phase Indicator.
Exist : If divergence is detected, a "+" will appear in this row.
Consecutive: Shows the number of consecutive divergences that have formed in a short period.
Divergence Quality : Evaluates the quality of the divergence based on the number of occurrences. One is labeled "Normal," two are "Good," and three or more are considered "Strong."
Change Phase Indicator : If a phase change is detected between two oscillation peaks, this is marked in the table.
BE - OBV MACD█ Overview
BE - OBV MACD - Algo Trading is an indicator developed to analyze volume , MACD and PSAR simultaneously in order to understand how they are co-related to each other. This tool calculates the likelihood of strength for buying or selling within the market direction.
█ Calculations
The algorithm individually computes the likelihood of flow of volumes (OBV, MACD & PSAR). A positive score is assigned for events where the Buyers volume is rising over the candle, MACD on the price is rising and MACD on the OBV is providing positive output and the PSAR is Below the close price thus generating the Buy Signal, and a negative score for the vise versa thus generating the Sell Signal.
Note: Since this indicator is an overlay indicator MACD and OBV is not shown on the chart. One can add them on the chart if you wish to analyze the impact of the same.
█ Settings
Customization of settings is possible for risk management concepts like setting the initial SL level, Trail SL Level, Day Max Level.
Hide or Show plots and Table is possible from the indicator settings.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems 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 the 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, back-test, 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/Algos/Systems are only for educational purposes!
Jerry J8 MACD Optimal Entry Zone---- STRATEGY
This MACD indicator includes an optimal entry zone for entering your trades and works with any symbol in any time frame. The optimal entry zone is defined by user controlled inputs for up to 10 symbols and is pre-loaded with the SPY, IWM, QQQ, NDX, and TESLA for the 3 minute time frame. Additionally, you can add up to 5 more symbols and adjust the optimal entry zones for each signal.
The optimal entry zone is the range above and below the MACD zero line where the highest probability trades can be entered. Too far above or below the zero line and the move is more likely to be exhausted or premature. This is not an exact science and you will want to set the zone for each symbol on the chart time frame you trade.
The reason this indicator is so helpful is because the optimal entry zone changes for every symbol and for every time frame and this indicator automatically shows these zones for up to 10 stock symbols.
---- SETUP & HINTS
There are times when the MACD may be outside of the optimal range but due to other factors (for example, high volume or market moving news) I would choose to enter a trade.
Indicators are not a magic pill and should be used to support trading decisions, not to make them for you. Past performance is not a guarantee of future returns. The results of individual stocks/indexes with any strategy do not constitute proof they will repeat in the future.
DISCLAIMER: The information contained in our scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. Trading and investing in the stock market and cryptocurrencies involves substantial risk of loss and is not suitable for every investor. I’m NOT a financial adviser. All trading strategies are used at your own risk.
Please use the AUTHOR’s INSTRUCTIONS link below for more information.
(VIP) MACD & Stochastic Alignment Oscillator v2Oscillator is combining MACD with Stochastic oscillator. When both, MACD and Stochastic are aligned with direction of trend, it improves probability and strength of such signal. There's possibility to also activate second Stochastic as additional confirmation of the signal. One of winning setup is to keep MACD settings standard - 12,26,9 and both Stochastics with slightly longer settings - 14,7,7 & 21,14,14. Figures at top are displaying trend coming from MACD . Background is coloured when all signals are aligned. Stochastic is generated signal only if it travelled back recently from overbought/oversold zone - this improves reliability of generated signals.
Alerts are included to inform when trend is aligned.
If you're interested in access for oscillator, please DM me on Tradingview.com ;)
REDWOOD MTF MacD Stochastic RSIOne of out most premium indicators is this MTF MacD Stochastic RSI combo.
This is calculated with specific conditions to give the best signals for market reversals or continued trends.
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For a detailed description of how the REDWOOD MacD works, see profile (links of personal indicators arent posting for some reason)
For a detailed description of how the REDWOOD Stochastic RSI works, see profile
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These are both powerful indicators alone, but together they work very well together to confirm positions or see new entries or exits.
Without giving too much away on how it is made, this takes trades when the MacD is weak, with a confirming signal from the Stoch RSI
just the other way, it takes trades when the MacD is strong, and the Stoch RSI confirms trend.
This was made to reduce clutter of watching multiple indicators, while still giving you a chance to see what both indicators are doing and how they are flowing together.
Custom alerts are set so you never miss a trade opportunity! Get alerted on all reversals, strong signals, or even signals from the MacD or Stochastic RSI crosses!
This is a Multi Timeframe indicator so you can see what is happening on a long term time frame while trading short time frame bars, getting a better position in the market.
Best trades are when the alert or indicator is signaling, and the close of the MacD is about to happen on the MTF time frame set. All timeframes for both MacD and Stoch can be customized, and they do come with default settings.
Best MTF Time frames are longer timeframes (1hr, 4hr, D) but it can work well with current timeframe and lower timeframes (15min, 30min)
All settings for the MacD and Stoch are the same as the original, you can remove the MacD or histogram, remove or see crosses, and even color in pivot points in the MacD
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Added feature is this indicator by default shows the MacD to tell you the overall trend, but you can uncheck the Show MacD setting to remove the MacD and check the Show Stoch RSI to have the indicator show you the Stoch RSI all in the same indicator! This is extremely useful to see where the Stoch RSI is at when the MacD is turning or pivoting. If the stoch is turning as well and overbought or oversold, it is a good time to enter or exit a position.
Dark Green is showing buy signals, and dark maroon is showing sell signals.
The coloring in the background (red, lime) is showing the trend we are riding and when the color goes away it is an indication of a possible trend reversal or dip coming. These are mostly used to confirm positions.
~~~
The timeframes I recommend would be the 4hr on both, althought it has proven to work well (if you want more signals) to have either the MacD or Stoch RSI on a higher timeframe and the opposite on a lower timeframe.
All plots and inputs can be customized to your own liking, and there is the option to color the bars with the Stoch RSI being overbought or oversold.
Best Trading Strategy : Enter positions according to the colors being alerted (green = buy, red = sell) when the FIRST is alerted. This is the ideal and best entry.
For safer trading you can wait for a second to confirm and enter there.
Trades can be taken on the shading colors too, trading on trend waves, although this is risky as some waves end abruptly. Best signals are as stated above.
This indicator works very well on its own but can work well along side our other indicators listed here :
Bishop MA's or MA Cloud with Fill
This can be a very useful indicator, and I'm sure some may find settings that work even better
than the default or recommended settings.
This indicator works on all markets, forex, cryptocurrency, and stocks.
For access to this and all indicators available, please DM me here or See profile.
We are here to help each other succeed! The more one succeeds the more we all succeed! We are all in this
together and every person deserves to be financially independent and confident when taking trades
and investing.
[blackcat] L1 Stick-Line Merged MACDLevel: 1
Background
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 line.
Function
L1 Stick-Line Merged MACD merges dif and dea lines with macd sticks by the same color candles. The generation of candles help to confirm the trend contiuation. E.g. yellow candles indicate up trend continuation while blue candles indicate down trend continuation
Key Signal
dif --> classic MACD diff fast line in yellow
dea --> classic MACD dea slow line in fuchsia
macd --> classic difference histogram
upslmerge --> up trend continuation yellow candle merge condition
dnslmerge --> down trend continuation blue candle merge condition
Pros and Cons
Pros:
1. merged line and stick with candles help confirm trend reversal
2. long entry signal is indicated.
Cons:
1. need sophisticated knowledge of MACD to use this well
2. this still requires a lot of MACD experience to obtain reliable trading signals
Remarks
Merge lines and sticks of MACD into candles. Better view of the trend
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L3 Composite MACD-KDJ-RSI-WR-DMI Trading SystemLevel: 3
Background
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 signals similar to a system with two moving averages.
The KDJ indicator is a technical indicator used to analyze and predict changes in stock performance and the price patterns of a traded asset. The KDJ indicator is also known as the random index. It is a very useful technical indicator that is most commonly used in short term stock market trend analysis. KDJ is a derived form of the Stochastic Oscillator Indicator with the only difference that an additional line is called the J-line. Values of% K and% D indicate whether the security is overbought (over 80) or oversold (under 20). The moments when% K exceeds% D are the moments to sell or buy. The J line represents the deviation of the% D value from% K. The value of J can exceed for the% K and% D lines on the graph.
The Relative Strength Index (RSI) developed by J. Welles Wilder is a pulse oscillator that measures the speed and change of price movements. The RSI hovers between zero and 100. Traditionally, the RSI is considered overbought when it is above 70 and oversold when below 30. Signals can be generated by looking for divergences and error fluctuations.
Williams% R, also known as the Williams Percent Range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams% R can be used to find entry and exit points in the market. The indicator is very similar to the stochastic oscillator and is used in the same way.
The Directional Movement Index (DMI) is an indicator developed by J. Welles Wilder in 1978 to determine in which direction asset prices are moving. The indicator does this by comparing previous highs and lows and drawing two lines: a positive movement line (+DI) and a negative movement line (-DI). The optional third line is called "Directional Movement (DX)" and it shows the difference between the two lines. When +DI is higher than -DI, the upward pressure on the price is greater than the downward pressure. If -DI is higher than +DI, the price will have greater downward pressure. This indicator can help traders assess the trend direction. Crosses between lines are sometimes used as buying and selling signals.
Function
L3 Composite MACD-KDJ-RSI-WR-DMI Trading System is a simple trading system composed of MACD-KDJ-RSI-WR-DMI together. It can produce 6 types of long entries and 3 types of short entries. It utilizes divergence effect from MACD, KDJ and RSI to detect trend reversal. 6 types of Bottom and top divergence labels are displayed in the chart together with "BUY" and "SELL".
NOTE:In order to make the actual label of the chart more clear, this script does not add stop loss and take profit functions and according labels.
Signal
b1~b3 ---> MACD, KDJ, RSI bottom divergence signal respectively, which hint bull trend may start soon.
d1~d3 ---> MACD, KDJ, RSI top divergence signal respectively, which hint bear trend may start soon.
longentry1~6 ---> with composite indicators together, 6 types of long entry signal are produced.
shortentry1~3 ---> with composite indicators together, 3 types of short entry signal are produced.
Pros and Cons
Pros:
1. excellent open-close, long-short entry signal generation with multiple powerful indicators
2. indicator resonance can help to promote the confidence level of signal and divergence alerts
Cons:
1. integration of multiple indicators is not deeply optimized. fake signal may be produced without filtering schemes
2. no range filter is added
Remarks
To celebrate number of followers exceeds 100. This is my first L3 script published.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Patron04 MACD DEMA TOFF Alert ScriptI prepared the macd dema indicator made by Toff as a startegy test. There is another strategy like this. But the process is opened according to the intersection of macd and signal. But the difference between my test is this. Macd is testing according to the intersection of 0 value. Macd sells 0 when cut down, buying when 0 cuts down
Toff's Macd dema:
P/L count for MACDSimple and effective P/L Count (based on MACD indicator) shows you when MACD give profit and when it lead to loss. PL Count consist of three plots: green (profit), red (loss) and orange (0 by default, but you can setup it as minimum profit level. Go into deal when green(profit) crossover red(loss) and exit when red crossover green. Use it together with MACD for determine deal direction. For some instruments deal opens when green crossover orange minimum profit level (not cross green and red)) .
[YC]-MACDIntegrated two level MACD into one, when the two MACD cross over zero line, it is a signal for buy.
NGRN MACD-X & RSI v5MACD-X, RSI & Volume Indicator & Alerts Study - Version 5
Overview
This study and it's associated strategy were modeled after the famous Philakone described algorithms on his now defunct instructional video series.
This indicator allows for full customisation of parameters and interaction between three indicators that allow users to shape their trading methods to their desired goals.
This associated strategy also allows users to backtest the study alerts script and find the best settings towards that end.
MACD + RSI + VOLUME - are of the most powerful and widely usded indicators, MACD/Histogram crosses, coupled with RSI & Volume increases/decreases will detects areas of deeply oversold / overbought and buys/sells on the reversal
Features
Full customisation - All parameters are open for customising to allow the trader to build their own strategy and adapt from market to market.
Clean/Simple UI - Facilitating ease of use.
Enable Buying OR Selling, - or have them both active at the same time.
Toggle off and on ALTERNATING Buy and Sell feature (pyramiding) - to allow for consecutive DCA style buys or SCALING out of an entry (partial sell).
Customizable Stop-Loss plot - to enable users to create a STOP-LOSS alert option or other alert(s) based on the plot location. See settings screenshot.
Toggle Auto Stop-Loss sell option - to enable users choose whether or not to automatically issue a sell signal when close crosses stop loss plot, or choose to toggle off if not profitable.
Customizable Take-Profit plot - to enable users to create a TAKE-PROFIT alert option or other alert(s) based on the plot location.
Study and associated Strategy - to use the TradingView ‘Strategy Tester’ back-testing features to find the best alert settings for specific coins in bear, bull and sideways markets.
Changes Version 5
Added STOP-LOSS time-out period where users may specify a duration of trading pause time after a stop-loss has been triggered. A value of zero disables the feature. Time out start is indicated by a red flag icon and resumption is indicated with a green flag.
Settings
SCREENSHOT LINKS:
BUY SETTINGS: prntscr.com
SELL SETTINGS: prntscr.com
Access
For a 4 DAYS TRAIL, sign up as an Explorer subscriber @ Patreon page: www.patreon.com
Full Access is 0.25 ETH , one time fee for LIFETIME access to the STUDY indicator, STRATEGY and future updates as well as support and SETTINGS for various markets on the Binance Exchange.
