RedK K-MACD : a MACD with some more musclesMoving Averages are probably the most commonly used analysis tools, and MACD is possibly the first charting indicator a trader gets to learn about.
MACD Basic concept
----------------------------
Without repeating all the tons of documentation about what MACD does, let's quickly re-visit the MACD concept from a 10-mile altitude (note we're keen on simplifying here rather than being technically accurate - so please forgive the use of any "common lingos")
- MACD goal is to represent the distance between 2 Moving Averages (MAs) - one fast and one slow, relatively - as an unrestricted zero-based oscillator.
- The value of the main MACD line is the distance, or the displacement between the 2 MA's
- usually a signal line is used (which is another MA of that distance value) to enable better visualization of the change (and rate of change, since this is all depicted on a time axis) of that displacement - this represents price momentum (price movement in the recent period versus movements for a relatively longer period).
- the difference between the main MACD line and its signal is then represented as a histogram above and below the zero line. in this case, that histogram is really redundant, since it shows a value that is already represented visually by the main line and its signal line.
How K-MACD is different
---------------------------------
K-MACD takes that simple concept of the classic MACD and expands around it - the idea is to use the same simple approach to representing price momentum while bringing in more insight to price moves in the short, medium and long terms, ability to represent more than 2 MA's and to enable better identification of tradeable patterns (like Volatility Contraction and others) - while still keeping things simple and visually clean.
K-MACD is an indicator that allows us to view how price moves against 3 moving averages: a fast / slow pair, and a "market" Filter or Baseline (very long) that will be used as a flag for Bear/Bull market mode. Many traders and trading literature use the 200 day (40 week) SMA as that key filter
so in total, there are 4 MA lines in K-MACD (excluding the "orange" signal line):
* Price Proxy: Which is a very fast moving average that will represent the price itself - let's use a WMA(3) or something close to that here - there will be a signal line to enable better visualization of this similar to a classic MACD - that's the orange line
* Fast & Slow MA's : Use whatever represents the "medium term" momentum for your trading - Some traders use 20 and 50, others use 10 and 20 .. if on your price chart, you keep using a pair of MA's for this, use the same settings in K-MACD - these will be represented by the 3-color Momentum Bars that fluctuate above and below the baseline
* Filter/Baseline MA: Should be your long (Bullish/Bearish Mode) MA. so 100 or 200 or any other value you consider your market to be bearish below and bullish above. on K-MACD this is actually the blue zero line - everything else is "relative" to it
Review the sample chart which explains various elements and the "price chart" setup that K-MACD represents. With K-MACD you can clean up your chart from those various Moving Averages - or use a different set than the ones you already have K-MACD represent - or other indicators (like ATR channels..etc)
Other "muscles" in the K-MACD
---------------------------------------------
- Relative vs Classic Calculation Mode
A key issue with the classic MACD is that the displacement between the 2 moving averages is represented as "absolute or direct" values - as the price of the underlying increases with time, you can't really use these values to make useful comparison between the past and now (see below example) - also you can't use them to compare 2 different instruments.
- The "Relative" calculation option in K-MACD addresses that issue by relating all "distances" to the Baseline MA as percentage (above or below) - you can see this clear when you look at the above chart the far left versus the far right and compare K-MACD with the classic MACD - the Classic option is still available
- More MA "type" options for all MA lines: choose between SMA, EMA, WMA, and RSS_WMA (which i use a lot in my trading and is my default for the Price Proxy)
- More Alerts: a total or 9 alerts (in 3 groups) are available with K-MACD (Momentum above or below baseline, Price Proxy crossing signal line, and Price Proxy crossing baseline)
- New 52 week High / Low markers: These will show as Green/red circles on the zero line in K-MACD. this will only work for 1D timeframe and above, i'm just using a simple approach and would like to keep it that way.
- i know i added some more features not covered above :) -- if you have questions about any of the settings, feel free to ask below
Closing thoughts
-------------------------
K-MACD is a combination of couple of indicators i published in the past (xMACD and Mo_Bars) - so you can go back and read about them if needed - I then added improvements to accommodate ideas from swing trading literature and common practices that i plan to focus on in future. So K-MACD is really part of my own trading setup.
I assume here that most traders are familiar with what a MACD is - so kept this post short - if you thing we should expand more about the concepts covered here let me know in the comments - i can make some separate posts with examples and more details.
I hope many fellow traders find this work useful - and feel free let me know in comments below if you do.
Cerca negli script per "科创板医药板块股票技术指标分析（MACD、成交量、支撑位压力位）"
[Sidders] MACDEMASAR IndicatorCame across a cool idea for a strategy that couldn't find in the indicator database, so decided to code it up myself for your pleasure.
Indicators consists of 3 indicators: EMA(200) to determine the overall trend, and the MACD & Parabolic SAR to determine entries (and exits).
Long entry contains 4 conditions and is generated when price is above the 200EMA (1), the MACD crosses above the signal line (2), while they are both below 0 line (3) and when the parabolic SAR is below the closing price of the bar (4).
Short entry is build up the same but in reverse: price is below the 200EMA(1), signal line crosses below the MACD line (2), while they are both above the 0 line (3) and when the parabolic SAR is above the closing price of the bar (4).
Place the stoploss on the parabolic SAR dot below/above the candle that created the signal. Profit target 1:1 risk:reward ratio, but can ofcourse be changed according to your risk apetite. Might add automatically drawn SL/TPs in a later update.
Concept behind the strategy should work on all timeframes, but will require proper backtesting. I think with additional filters the strategy can also be way more finetuned and profitable, personally haven't had the time yet to dive into that.
Have also added alerts for your convenience.
Enjoy!
EVWMA VWAP MACD Strategy [QuantNomad]Based on comment of @coondawg71 I tried to compare VWAP and EVWMA.
Both are sort of moving averages so I decided to create a MACD based on these 2 indicators.
In parameters you can set EVWMA Length and 2 smoothing lengths for "macd" and "signal".
Strategy seems to work pretty good at 2h-8h timeframes for crypto.
What do you thing about it?
Modified Stochastic MACD Oscillator - Vitali ApirineFor all MACD enthusiasts out there, hot off the press, I present this next generation "Modified Stochastic MACD Oscillator" employing PSv4.0, originally formulated by Vitali Apirine for TASC - November 2019 Traders Tips. Just when you may have thought it was the end of the evolutionary line for MACD technology, it's not! Basically it's a NEW hybridization of a MACD and stochastic rolled into one, maintaining scale symmetry to support overbought/oversold defined levels across time frames and assets, unlike the ordinary MACD. On the ordinary MACD, this is virtually impossible to do properly, and trust me, I have tried with zero success. My less than 40 line implementation, at initial release, is a heavily modified version of the original indicator using novel techniques, surpassing not only Apirine's original intended design, but also the "contemporary MACD" provided by TV, visible on the bottom of the chart.
Utilizing the "Power of Pine", I included the maximum amount of features I could surmise in an ultra small yet powerful package. I provided an abundance of control over each feature as an attempt to create another heavenly MACD experience in an open source package, only rivaled by my "Ultimate MACD Super Pack". Configurations are displayed above in multiple scenarios that should be suitable for most traders. Of notable mention, I rescaled the oscillator more towards a zero mean unity scale, while still leaving the waveforms completely intact.
Features List Includes:
Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting
AND much, much more... you have the source!
For those of you who are new to Pine Script, this script also may help you understand advanced programming techniques in Pine and how they may be utilized in a most effective manner. I would like to see Tradingview become the go to platform for the best MACD indicators attainable with this contribution to the TV community. This is commonly what my dense intricate code looks like behind the veil, and if you are wondering why there is no notes, that's because the notation is in the variable naming. If you wish to contribute additional ideas, please do so below in the comments about all things MACD in Pine.
NOTICE: Copy pasting bandits who may be having nefarious thoughts, DO NOT attempt this, because this may violate Tradingview's terms, conditions and/or house rules. "WE" are always watching the TV community vigilantly for mischievous behaviors and actions that exploit well intended authors for the purpose of unscrupulously increasing brownie points in reputation scores. Hiding behind a "protected" wall may not protect you from investigation and account penalization by TV staff. Be respectful, and don't just throw a meaningless feature in there branding it as "your" gizmo. Fair enough? Alrighty then... I firmly believe in "innovating" future state-of-the-art indicators, and please contact me if you wish to do so.
The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
MACD MOMENTUM STRATEGYHey,
First of I'm not so familiar with Pine Editor, yet.
But a do need some help with a trick thing I*ve been working on.
As you can see I*ve merge the MACD and the MOMENTUM indicators in the same "chart" this have been working pretty well for me as a trading strategy. But now a chat tho create a real strategy with Pine Editor based on the same data. The thing is that I can't seem tho get the MOMENTUM indicator to and the MACD indicator in the same (different) scale in my strategy as when I merge them.
I suspect this got something to do with my chose of source för the MOMENTUM indicator, but I'm not 100.
I would be grateful for all kinds of feedback and tips for a solutions on this.
Thanks.
MACD Price Divergence indicatorIndicator for divergence between MACD trend and price trends. Try it out and let me know what you think!
MACD Leader [LazyBear]Smoothing methods have lag, and since MACD makes use of moving averages, it usually lags behind price. You cannot eliminate lag completely, but one way of working around this is by adding a component of the price/MA difference back to MA. This technique is called Zero-lag (well, almost). "MACD Leader" makes use of this to form a leading signal to MACD.
First proposed by Giorgos E. Siligardos, "Leader" leads normal MACD, especially when significant trend changes are about to take place. This has the following features:
- It is similar to MACD in smoothness.
- It can be plotted along with MACD in the same window using the same scaling.
- It has the ability to lead MACD at critical situations
For detailed discussion on the various divergence patterns, refer to the PDF I have linked in the "More Info" below.
I have provided an option to plot MACD and MACD signal on the same pane. You can enable/disable them via options page.
For Pinescript coders: Try enabling histo on this to compare with normal MACD histo :)
More info:
drive.google.com
List of my other indicators:
- Chart:
- GDoc: docs.google.com
VWMA MACD Amanita Buy/Sell Signals VWMA MACD Amanita Buy/Sell Signals – Volume-Weighted Momentum Indicator
A twist on the classic MACD: this indicator uses Volume Weighted Moving Averages (VWMA) instead of EMAs, giving more weight to price moves backed by higher volume.
Features:
VWMA-based MACD line & signal line
Histogram highlights bullish/bearish momentum
Color-coded for easy visualization
Quick Guide:
MACD above Signal → bullish
MACD below Signal → bearish
Rising histogram → strengthening trend
Falling histogram → weakening trend
Perfect for traders who want momentum confirmed by volume.
SUPER MACD📈 MACD Indicator Update - Version 2
🔹 New Features and Improvements:
1️⃣ New MACD Calculation Options:
Users can now choose from various Moving Averages to calculate the MACD. The default options are SMA (Simple Moving Average) and EMA (Exponential Moving Average), but there are 14 other versions available to experiment with:
SMA (Simple Moving Average)
EMA (Exponential Moving Average)
WMA (Weighted Moving Average)
RMA (Smoothed Moving Average)
HMA (Hull Moving Average)
JMA (Jurik Moving Average)
DEMA (Double Exponential Moving Average)
TEMA (Triple Exponential Moving Average)
LSMA (Least Squares Moving Average)
VWMA (Volume-Weighted Moving Average)
SMMA (Smoothed Moving Average)
KAMA (Kaufman’s Adaptive Moving Average)
ALMA (Arnaud Legoux Moving Average)
FRAMA (Fractal Adaptive Moving Average)
VIDYA (Variable Index Dynamic Average)
2️⃣ Improved Input Visibility and Organization:
We’ve reorganized the inputs so that the most commonly used ones are now placed at the beginning for quicker and more convenient configuration.
3️⃣ Bug Fixes and Code Improvements:
Minor bugs have been fixed, and the code has been optimized for better stability and performance. The code is now cleaner and fully functional in version 6.
4️⃣ Cometreon Public Library Integration:
To lighten the code and improve its modularity, we’ve integrated the Cometreon public library. This makes the code more efficient and reduces the need to duplicate common functions.
☄️ With this update, the MACD indicator becomes even more versatile and user-friendly, offering a wide range of calculation methods and an improved interface!
Fisher Transform of MACD w/ Quantile Bands [Loxx]Fisher Transform of MACD w/ Quantile Bands is a Fisher Transform indicator with Quantile Bands that takes as it's source a MACD. The MACD has two different source inputs for fast and slow moving averages.
What is Fisher Transform?
The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution.
The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset. It also helps show the trend and isolate the price waves within a trend.
What is Quantile Bands?
In statistics and the theory of probability, quantiles are cutpoints dividing the range of a probability distribution into contiguous intervals with equal probabilities, or dividing the observations in a sample in the same way. There is one less quantile than the number of groups created. Thus quartiles are the three cut points that will divide a dataset into four equal-size groups (cf. depicted example). Common quantiles have special names: for instance quartile, decile (creating 10 groups: see below for more). The groups created are termed halves, thirds, quarters, etc., though sometimes the terms for the quantile are used for the groups created, rather than for the cut points.
q-Quantiles are values that partition a finite set of values into q subsets of (nearly) equal sizes. There are q − 1 of the q-quantiles, one for each integer k satisfying 0 < k < q. In some cases the value of a quantile may not be uniquely determined, as can be the case for the median (2-quantile) of a uniform probability distribution on a set of even size. Quantiles can also be applied to continuous distributions, providing a way to generalize rank statistics to continuous variables. When the cumulative distribution function of a random variable is known, the q-quantiles are the application of the quantile function (the inverse function of the cumulative distribution function) to the values {1/q, 2/q, …, (q − 1)/q}.
What is MACD?
Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA .
Included:
Zero-line and signal cross options for bar coloring, signals, and alerts
Alerts
Signals
Loxx's Expanded Source Types
35+ moving average types
Divergence Macd+RSI Fast[RSU] -- No RepaintThis indicator combines the divergence of rsi and macd and displays it on the candlestick chart.
RSI:
1. When rsi is at a high point, once it falls by 1 k line, it will detect the divergence from the previous high point. This can quickly find the divergence that has taken effect and help you quickly capture the trend before a sharp decline or rise.
The difference between other RSI divergence indicators: the official divergence indicator is to detect the 5 and the k line, which may lead to a large amount of decline.
2. This indicator detects the previous high and the previous low of 5, 10, 20 lengths at the same time, instead of only detecting a fixed length, so that more deviations can be found.
MACD:
1. When MACD-diff line(orange color) is at a high point, once it falls by 1 k line, it will detect the divergence from the previous high point. This can quickly find the divergence that has taken effect and help you quickly capture the trend before a sharp decline or rise.
2. This indicator detects the previous high and the previous low of 5, 10, 20, 40 , 60 lengths at the same time, instead of only detecting a fixed length, so that more divergences can be found.
Notice:
Because it is a quick divergence detection, it is recommended to confirm that the divergence takes effect after the current k is completely closed first. I have identified this state in the indicator as "k not end".
Disadvantages and Risks:
Since it is a quick discovery, there will be error identification. Error divergences will recolor to grey.
Suggestion:
Use Alert catching divergence occurrences.
Please do not:
Don't go short in the uptrend, don't go long in the downtrend.
Top divergences that occur because of a strong uptrend are usually only temporary pullbacks. Bottom divergences in persistent declines are also temporary rallies. Do not attempt to trade such low-return trades.
It is recommended to use the divergence indicator when the stock price has made a new high and retraced, and once again made a new high, because this often leads to the end of the trend.
Divergence how to use:
1. After the previous candlestick was completely closed, a bottom divergence was found.
2. Open an long order at the beginning of the second bar, or as close to the bottom as possible (because the stop loss will be smaller).
3. Break the stop loss price below the previous low where the divergence occurred, which already means that the divergence is wrong.
MACD-EDT "EMA DEMA TEMA" [DM]Greetings to all colleagues
Today I share a MACD with the EMA , DEMA , TEMA variants.
The aim is that they can see how the signals vary from a normal MACD to one with the averages created by Patrick Mulloy (1994)
Variables of this MACD:
EMA = Exponential Moving Average
DEMA = Double Exponential Moving Average
TOPIC = Triple Exponential Moving Average
He also has in the arsenal:
SMA Simple Moving Average
WMA Weighted Moving Average
Plus...:
Volume-weighted variant in all of them
Visual options:
Points at the crossroads
Shadows on the body of the signals
All colors are customizable
Histogram and shadow are gradients at 15 steps
It has switches for:
Shadow
Histogram
Macd and signal
Crosses
Some minor details remain to be incorporated in the next few days.
Pre-cross calculation.
Alerts
Bar color
Enjoy!!! ;-)
MACD+ Strategy [SystemAlpha]This is a strategy based on MACD Oscillator . Instead of using just the normal crossovers, we use trend filters, trailing stop loss and take profit targets. This strategy was developed for crypto, forex and stocks on daily timeframe but feel free to experiment on 15 minutes or higher using heikin ashi or normal candles
In this strategy you have a choice of:
Trend Filters:
- Average Directional Index ( ADX ) – buy when price is trend is up and sell when trend is down.
- Moving Average (MA) – buy when price close above the defined moving average and sell when price close below moving average
- Parabolic SAR – buy when SAR is above price is above price and sell when SAR is below price.
- All - Use ADX , MA and SAR as filters
For MA Filter , you can use the “TF MA Type” and "TF MA Period" parameter to select Simple or Exponential Moving Average and length.
Stop Loss:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Parabolic SAR ( SAR ) – Parabolic SAR adapted as trailing stop loss.
For ATR , you can use the “ATR Trailing Stop Multiplier” parameter to set an initial offset for trailing stop loss.
Take Profit Target:
- Average True Range (ATR) – ATR % stop as trailing stop loss.
- Standard % – Percent as target profit
For ATR , you can use the “ATR Take Profit Multiplier” parameter to set an initial offset for trailing stop loss.
Additional feature include:
- Regular and Hidden Divergence display and alerts
STRATEGY ONLY:
- Set back test date range
- Set trade direction - Long, Short or Both
- Use timed exit - Select method and bars
- Method 1: Exit after specified number of bars.
- Method 2: Exit after specified number of bars, ONLY if position is currently profitable.
- Method 3: Exit after specified number of bars, ONLY if position is currently losing.
TradingView Links:
Alerts:
MACD:
How to use:
1. Apply the script by browsing through Indicators --> Invite-Only scripts and select the indicator
2. Once loaded, click the gear (settings) button to select/adjust the parameters based on your preference.
3. Wait for the next BUY or SELL signal to enter the trade!
Disclaimer:
The indicator and signals generated do not constitute investment advice; are provided solely for informational purposes and therefore is not an offer to buy or sell a security; are not warranted to be correct, complete or accurate; and are subject to change without notice.
Grimes Modified MACD Supply DemandA follower of mine asked me if I could make a version of my www.tradingview.com script using the MACD. Well it just so happens I was making a few modifications to my MACD script: just as this question came up so I went ahead and threw this together.
The MACD that triggers the SR zones is pictured below, with key trigger points encircled to illustrate how it works.
MACD Divergence added in CM_MacD_Ult_MTFYou must have missed some trading opportunities of MACD Divergence due to oversight. So I create and share this script to help u seize the chances.
This indicator is based on CM_MacD_Ult_MTF created by ChrisMoody.
EMA50Diff & MACD StrategyOne of my attempts to create a strategy for BTC.
Its a combination of EMA50Diff (the difference between spot and EMA50) and MACD.
Buy signal if (EMA50Diff) < -(EMADiffThreshold),
(MACD bearish crossunder),
(MACD) < -(MACDThreshold),
(EMA50Diff) > (EMA50Diff 1 candle ago),
(EMA50Diff 1 candle ago) < (EMA50Diff 2 candles ago)
Sell signal if (EMA50Diff) > (EMADiffThreshold),
(MACD bullish crossover),
(MACD) > (MACDThreshold),
(EMA50Diff) < (EMA50Diff 1 candle ago),
(EMA50Diff 1 candle ago) > (EMA50Diff 2 candles ago)
Exit either when target or stoploss get reached.
Initial capital is set to 100k and its currently going all-in on every trade but im looking for a better way to handle position sizes already..
Also i included slippage of 30 ticks and exchange commission of 0.15% (e.g. 2x BitMEX market taker fee)
Works best on 15m on bitfinex, bitstamp and gdax and i'm still trying to optimize it for bitmex too, will update when i got there..
Gunbot MACDgenOk this is just some strat based on MACD, checking for a few conditions until giving buy/sell signals to Gunbot via alerts.
It is generalized but if you want to go play with the values. I will continue to develop this further and am happy to receive feedback.
Notations are coming.
Usage notes:
-ONLY use this with TV_GAIN: 0.6 because on downtrends it is supposed to double up to pull down the average bought price!
-Use "buying condition" and "selling condition" for alerts, trigger on close and I suggest you use 3 min intervals but try what looks good to you
-Use this on pairs that are curvy and have atleast 0.6% gain between buy/sell triggers. This is also general advise when you want to take microprofits.
-Don't be confused with sell arrows, it will only trigger the bot sell on gain when you've set TV_GAIN
L'MACD GUNHi all!
I would like to present you my universal MACD module.
In addition to the standard functions I have added several improvements:
Source Selection.
In addition to the standard calculation of the moving average "EMA", in the parameter "MA Type" I have added 52 more methods for calculating the MA! :
ADXMA, AHMA, ALF, ALMA, ARI, ARSI, BlackFilter, CTI, DoubleEma, DTA, DWMA, EEO, EHMA, ELA, EMARSI, EREA, HEMA, hma, HWMA, JAMA, KA, KAMA, LSMA, LWMA, McGinley_2, MNMA, PAW, REMA, rma, RMF, RMTA, RWMA, sma, SMMA, SuperSmooth, THMA, TilsonT3, TMA, TRAMA, TripleEma, TSF, VAMA, VAR, VHMA, VIDYA, VVMA, vwma, WCD, wma, WWMA, ZEMA, ZLMA !
Additional histogram and lines from the higher timeframe. With the parameter "Multiple of TF" you can specify on which timeframe the standard histogram should be zoomed.
The Zoom function allows increasing or decreasing the size of the histogram. (It does not affect the calculations in any way, it is only used for visualization purposes.)
How to use it?
I recommend using it as a standard MACD. You can test different types of moving averages thanks to my modules and choose the one you find most suitable.
Tips:
The script is slightly heavy and may take a little longer to load than usual.
All MA types are in alphabetical order and tied to numbers.
Next to the "MA Type" parameter there is a hint which method of calculating MA corresponds to the figure. The default is 15. In the hint 15 = EMA. This is the standard method of calculating the MAСD.
To select the MA more quickly. You can switch them with the mouse wheel or the arrows on the keyboard.
I use the standard parameters prescribed in the script.
The code is calibrated for any TF and displays as correctly as possible. Can be used on any type of chart.
Elastic Volume Weighted MACD ( EVWMACD )The Elastic Volume Weighted MACD is a variation of standard MACD.
The Difference is that this script apply the formula of standard MACD with the Elastic Volume Weighted Moving Average.
I took the formula of EVWMA from public library coded by LazyBear.
I use EVWMACD as a trend confirmation indicator.
Just tune all lengths and parameters according to your instruments
Multi color MACD with Triple EMA smoothing [cI:DH]At default settings, this indicator is identical to the built-in MACD.
Features:
- multi-color histogram
- background color change when MACD tops or bottoms
- additional smoothing using Triple EMA
Recommended settings:
- Triple EMA length 10 seem to be a good trade-off between smoothness and responsiveness
Stock Market Strategy : VWAP, MACD, EMA, Breakout, BBHello there,
Today I bring you a stock market strategy, specialized in NASDAQ stocks.
Its a daytrading strategy, that can only do a max of 1 trade per day. In this case it only trades the first 2 opening hours of the market.
The rules are simple :
We follow the trend based on a big EMA, in this case 200, after that, we check for VWAP direction , then, we check histogram from MACD. This is the simple logic of the strategy.
Inside there is another strategy, that not just do the above, but also uses Bollinger bands, and checks for breakout of bottom or top line. Also it uses Average directional Index, for even a bigger criteria .
So for example a long condition it would be : candle is above the ema, and candle is above vwap, and histogram is positive, and candle break the top bb level and ADI < 40 -> long signal . The opposite works for short(ADI > 20).
In this case all this criterias are between the first 2 hours of market. So we enter between the first hour, and exit in the next hour. For this we need to use very short time frames.
Hope you enjoy it.
Let me know if you have any questions
Mirror MACD by Trader JayThis is my take on the metatrader indicator, the mirror macd. Works pretty good on Forex, haven't tested on anything else
Enter long after the Blue Line Cross Up the Red Line and EXIT after the Green line Cross Up the Red Line (above the Blue Line).
For the opposite position : ENTER SELL after the Red Line Cross Down.
