OPEN-SOURCE SCRIPT
Aggiornato

MACD Oscillator with RSI

347
This is simply MACD Histogram and RSI with SMA and Divergence signals in one indicator. Nothing is special.

But, let me tell you how I use this.

1. Pair it with EMA Length 44 (I don't trade in EMA crossover, so forget about it, it's not working. Let's use EMA 44 instead as a magnet).
2. View the 4H TF.
3. If taking SHORT, candles must be above EMA 44 showing enough gap or space, and this is better if candles are around the resistance levels.
4. Then wait for the RSI to cross the SMA, and MACD Histogram to turn into black. Once this happens, forget about 4H.
5. Now, we're making entry in lower TF. So go to 15Min and read the Market Structure by plotting BOS and CHOCH, or use some indicators that automatically plot them.
6. Once the CHOCH appears, which is your confirmation of the downtrend, wait for a pullback, then use this indicator again to make entry.

I usually hold my position around 4H, 8H or 1D.

If this is not working, then nothing works.
Note di rilascio
Modified some important inputs.
Note di rilascio
Updated the RSI.
Note di rilascio
Changed SMA length to 21 and RSI to 9.
Note di rilascio
I changed back the hline to normal setting.
Note di rilascio
I put an alert condition.
Note di rilascio
Defined the condition for the color change.
Note di rilascio
Fixed the alert option.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.