OPEN-SOURCE SCRIPT
Smart Price Divergence (MACD Filter) + EMA
📌 Purpose
This indicator detects Price Divergences with MACD filtered by a 200 EMA trend condition.
It helps identify high-probability reversal zones aligned with market trend context.
🧠 How It Works
1. MACD Divergence Logic
Bearish Divergence:
Price makes a higher high.
MACD makes a lower high.
Price is above EMA (indicating possible exhaustion in bullish trend).
Bullish Divergence:
Price makes a lower low.
MACD makes a higher low.
Price is below EMA (indicating possible exhaustion in bearish trend).
2. EMA Trend Filter
EMA(200) is used as a directional filter:
Bearish divergences considered above EMA (extended bullish conditions).
Bullish divergences considered below EMA (extended bearish conditions).
3. Visual & Alerts
EMA(200) plotted on chart in orange.
Red triangles for Bearish Divergence.
Green triangles for Bullish Divergence.
Alerts fire for both divergence types.
📈 How to Use
Look for divergence signals as potential reversal alerts.
Combine with support/resistance or price action for confirmation.
EMA ensures signals occur in extended zones, increasing reliability.
Recommended Timeframes: 1h, 4h, D.
Markets: Forex, Crypto, Stocks.
⚙️ Inputs
MACD Fast / Slow / Signal Length
EMA Length (default 200)
⚠️ Disclaimer
This script is for educational purposes only. It does not constitute financial advice.
Always test thoroughly before live trading.
This indicator detects Price Divergences with MACD filtered by a 200 EMA trend condition.
It helps identify high-probability reversal zones aligned with market trend context.
🧠 How It Works
1. MACD Divergence Logic
Bearish Divergence:
Price makes a higher high.
MACD makes a lower high.
Price is above EMA (indicating possible exhaustion in bullish trend).
Bullish Divergence:
Price makes a lower low.
MACD makes a higher low.
Price is below EMA (indicating possible exhaustion in bearish trend).
2. EMA Trend Filter
EMA(200) is used as a directional filter:
Bearish divergences considered above EMA (extended bullish conditions).
Bullish divergences considered below EMA (extended bearish conditions).
3. Visual & Alerts
EMA(200) plotted on chart in orange.
Red triangles for Bearish Divergence.
Green triangles for Bullish Divergence.
Alerts fire for both divergence types.
📈 How to Use
Look for divergence signals as potential reversal alerts.
Combine with support/resistance or price action for confirmation.
EMA ensures signals occur in extended zones, increasing reliability.
Recommended Timeframes: 1h, 4h, D.
Markets: Forex, Crypto, Stocks.
⚙️ Inputs
MACD Fast / Slow / Signal Length
EMA Length (default 200)
⚠️ Disclaimer
This script is for educational purposes only. It does not constitute financial advice.
Always test thoroughly before live trading.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
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.