MACD-VWhat is it?
The MACD-V indicator is the normal version of the MACD (Moving Average Convergence Divergence) indicator but normalized for volatility. It is normalized for volatility in order to compare momentum values across time and across tickers which the normal MACD indicator fails to do.
Formula
The formula for the MACD-V is as follows
MACD Line = [ / ATR(26)] * 100
Signal Line = EMA(9,MACD)
Histogram = MACD Line - Signal Line
How to Use
The MACD-V indicator is used to analyze normalized trends. If the MACD line is above 150, it is considered overbought. If the MACD line is below -150, it is considered oversold. Crossovers of the MACD line and the signal line are considered to be points of trend changes as well.
Features
Customizable Overbought/Oversold boundaries
Customizable colors
Credits
All credit for the idea behind this indicator goes to Alex Spiroglou CMT. His academic paper on the indicator can be found here .
In addition to Alex's idea for the paper, one TradingView user, Mik3Christ3ns3n has created a partial version of it which can be found here .
Схождение/расхождение скользящих средних (MACD)
MACD Volume S2 By Gammaprod>> How to use this indicator :
1. Set your teadingview theme to dark theme.
2. My indicator is valid for forex, stock and but more valid for crypto.
3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
4 . Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi Crypto by Gammaprod
- Stoch RSI Divs Zone Crypto by Gammaprod
- MACD Volume Crypto by Gammaprod
>> How to setting :
1. Trendlines Boll Ichi Crypto by Gammaprod
A. Support and Resistence
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
C. Bolinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
>> How to read :
1. Sell or Buy Priority :
A. Buy Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please becareful at this moment.
2. Trend / Consolidation :
A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
3. Special Mark
A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
>> How to OPEN position:
A. Bullish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
3. MACD Volume Crypto by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
B. Bearish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
3. MACD Volume Crypto by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
C. Consolidation
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
3. MACD Volume Crypto by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
>> The secret ingridient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit char on this column, I hope it will help your trading and make a more profit on it.
MACD-V Volatility Normalized MomentumFull Credit to Alex Spiroglou, DipTA(ATAA), CFTe, and author of the MACD-V.
papers.ssrn.com
Alex recently received the CMT Dow Award for his work to improve on the classic MACD indicator. The MACD-V tackles some obvious challenges with the classic MACD indicator, which is normally an unbounded indicator and inconsistent between different symbols and markets.
"Our goal is to improve an existing tool (MACD), so that - by eliminating its shortcomings - we will be creating a unique type of hybrid 'boundless oscillator', that opens the doors for several pattern recognition opportunities which would not be definable using the classic MACD."
When the oversold/overbought range of 150 and -150 was determined, Alex tested where 95% of the data fell within the bands using the S&P price history as reference. Users are encouraged to find ranges relevant to the securities/instruments they are analyzing.
Enjoy!
RISK managment TOOL not a netive english speakr - soory for spelling problems.
this tool purpse is to help you dtermine postion sizing
it take a trend meeter of your chose and mesure it with the high and low of lookback number (defult is 100 )
you can chose your trend meeter from 'close','VOL', 'MA short' , 'MA long' , 'MACD', 'VOL MA', 'ATR', 'MFI', 'TSI'
with that you can see if you are "overbought" or "oversold " with the highest and lowest of a lookback period
and size acording to that .
the MA box - MAshort and MA long is the same box for the MACD ma for calcs and for the TSI
for long - if in lower band buy +++ if midelle buy +++ if high buy +
for short - if in highr band short +++ if midelle short ++ if low short ++
hope it will help you
for source - comment email and tip.
כלי ניהול הסיכונים הזה נועד להראות לכם את היחס של המתנד הנבחר ביחס לגבוהה והנמוך בבחירת טווח הזמן הנבחר ( דיפולט הוא 100 ימים אחורה ) ובכך לעזור לכם בהחלטת גודל הפוזציה
הכלי נועד לעזור בוויזאולציה של הטרנד לעומת האיתות שאתם מקבלים ביחס לגבוהה או הנמוך של 100 ימים אחורה
אם אתם מתכננים עסקת לונג העדיפות לקנות כאשר הסמן נמצא ברצועה התחתונה ובמקום זה תוכלו להגדיל את הפוזציה ל +++
כאשר הסמן נמצא ברצועה האמצעית אפשר לקנות ++
וכאשר הסמן נמצא למעלה עדיף לשקול את הפוזציה או לקנות +
ההפך לשורט.
לקבלת הקוד אפשר להשאיר מייל בתגובה + טיפ.
תודה ל @daviddtech tnx to
MACD DerivativesMACD Derivatives v1.1
Shows MACD value and derivative of MACD value in the histogram. The histogram shows 1st or 2nd order derivative as indicated in the settings. The derivative value represents the slope, the direction of change and change rate of the MACD value, aiming to give influence on possible trend turns on MACD value, ideally the possible direction change of MACD/price before the actual turn.
- 1st order derivative represents the increase or decrease of the MACD value, shown as positive or negative histogram value respectively;
- Similarly, 2nd order derivative represents the increase or decrease in the difference of the 1st order derivative value, represented via the histogram.
Both of the derivative functions are according to the value difference of n-th bar. The value n is customizable in the settings.
The indicator is based on the source code of built-in MACD indicator excluding the signal and the usual MACD histogram calculations, i.e. the signal is removed and the histogram shows the 1st or 2nd derivative of the MACD value.
For example: You can not get information about the future price via this indicator but some supportive information and visualization on the trend change such as "The uptrend is slowing down, and this slowing down is getting quicker."
Disclaimer: It is NOT recommended to open or close positions based solely on this indicator. The derivative value answers only one question, i.e. the change in last MACD value. Does not indicate any future value and I mean it.
Stochastic MACDStochasticMACD (SMACD) is an oscillating momentum indicator. It is based on MACD but run through a stochastic oscillator.
This results in an indicator with all the same properties as MACD but with the benefit that the absolute levels can be compared to history values.
Moving Average Convergence Divergence with Rate of Change
Purpose - MACD is an awesome indicator. However, I felt I could improve the existing MACD indicator by also letting it visualize the rate of change (ROC) of the histogram (whether rate of change is increasing or decreasing - just like a derivative). By doing so, the indicator will better show the rate of change of the trend.
How It's Done - To the original MACD indicator, I have added a bit more conditional statements that automatically calculates the ROC in MACD histogram and visualizes through 8 different colors.
Interpretation - While the histogram is above 0, darker color indicates the stronger up trend, and lighter the color, weaker the up trend and potentially indicates the bears are overtaking, and vice versa for the case where the histogram is below 0.
Fibonacci Zone Oscillator With MACD HistogramThe columns
After I found a way to calculate a price as a percent of the middle line of the KeltCOG Channel in the KCGmut indicator (published), I got the idea to use the same trick in the Fbonacci Zone Channel (also published), thus creating an oscillator.
I plot the percent’s as columns with the color of the KeltCOG Channel. Because the channels I created and published (i.e. Fibonacci Zone, Donchian Fibonacci Trading Tool, Keltner Fibzones, and KeltCOG) all use Fibonacci zones, this indicator also reports the position of the close in their zones.
Strategy and Use:
Blue column: Close in uptrend area, 4 supports, 0 resistance, ready to rally up.
Green column: Close in buyers area, 3 supports, 1 resistance, looking up.
Gray column: Close in center area 2 supports, 2 resistances, undecided.
Yellow column: Close in sellers area 1 support, 3 resistances, looking down.
Red column: Close in downtrend area, 0 support, 4 resistances, ready to rally down.
I use this indicator in a layout with three timeframes which I use for stock picking, I pick all stocks with a blue column in every timeframe, the indicator is so clear that I can flip through the 50 charts of my universe of high liquid European blue chips in 15 minutes to make a list of these stocks.
Because I use it in conjunction with KeltCOG I also gave it a ‘script sets lookback’ option which can be checked with a feedback label and switched off in the inputs.
The MACD histogram
I admire the MACD because it is spot on when predicting tops and bottoms. It is also the most sexy indictor in TA. Actually just the histogram is needed, so I don’t show the macd-line and the signal line. I use the same lookback for the slow-ma as for the columns, set the fast-ma to half and the signal-line to a third of the general lookback. Therefore I gave the lookback a minimum value of 6, so the signal gets at least a lookback of 2.
The histogram is plotted three times, first as a whitish area to provide a background, then the colums of the Fibzone Oscillator are plotted, then the histogram as a purple line, which contrasts nicely and then as a hardly visible brown histogram.
The input settings give the option to show columns and histogram separate or together.
Strategy and use:
I think about the columns as showing a ‘longer term chosen momentum’ and about the histogram as a ‘short term power momentum’. I use it as additional information.
Enjoy, Eykpunter.
Predictive MACDThis is MACD indicators have display prediction of next 3 bar which if close price not change or price move following directions of momentum this indicators will show how price will move next 3 bar.
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.
RelicusRoad - Signal LineWhen you have charts full of too many indicators, it can mess up with your analysis and cause analysis paralysis. Use RelicusRoad Signal Line to simply your charts with a beautiful color changing moving average line as per the strategies selected.
4 different strategies to choose from:
1) MACD
2) PMACD (Price Action + MACD)
3) Parabolic SAR
4) Momentum
GREEN: BUY ZONE
RED: SELL ZONE
FUNCTIONS OVERVIEW
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 .
The result of that calculation is the MACD line. A 9 EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. Moving average convergence divergence ( MACD ) indicators can be interpreted in several ways, but the more common methods are crossovers, divergences, and rapid rises/falls.
Moving average convergence divergence ( MACD ) is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA .
MACD triggers technical signals when it crosses above (to buy) or below (to sell) its signal line.
The speed of crossovers is also taken as a signal of a market is overbought or oversold.
MACD helps investors understand whether the bullish or bearish movement in the price is strengthening or weakening.
PMACD: It's an improvement to MACD that you can use the Red/Green indications to make better decisions.
Parabolic SAR: The parabolic SAR indicator, developed by J. Wells Wilder, is used by traders to determine trend direction and potential reversals in price. The indicator uses a trailing stop and reverse method called "SAR," or stop and reverse, to identify suitable exit and entry points. Traders also refer to the indicator as the parabolic stop and reverse , parabolic SAR , or PSAR.
The parabolic SAR indicator appears on a chart as a series of dots, either above or below an asset's price, depending on the direction the price is moving. A dot is placed below the price when it is trending upward, and above the price when it is trending downward.
The parabolic SAR (stop and reverse) indicator is used by technical traders to spot trends and reversals.
The indicator utilizes a system of dots superimposed onto a price chart.
A reversal occurs when these dots flip, but a reversal signal in the SAR does not necessarily mean a reversal in the price. A PSAR reversal only means that the price and indicator have crossed.
Momentum: On paper, momentum investing seems less like an investing strategy and more like a knee-jerk reaction to market information. The idea of selling losers and buying winners is seductive, but it flies in the face of the tried and true Wall Street adage, "buy low, sell high."
Momentum investing is a trading strategy in which investors buy securities that are rising and sell them when they look to have peaked.
The goal is to work with volatility by finding buying opportunities in short-term uptrends and then sell when the securities start to lose momentum.
Then, the investor takes the cash and looks for the next short-term uptrend, or buying opportunity, and repeats the process.
Skilled traders understand when to enter into a position, how long to hold it for, and when to exit; they can also react to short-term, news-driven spikes or selloffs.
Risks of momentum trading include moving into a position too early, closing out too late, and getting distracted and missing key trends and technical deviations.
AutoFinder Long ShortAutoFinder Long Short
A simple script. It only advice you when MACD is calling for Long or Short.
You can choose your range period to find highest and lowest moment on MACD. (suggested 150 or more)
Also you can choose % for detect the change of the trend. (suggest between 70-90)
You can test what really happen moving indicator on new panel and enabling MACD Plot from settings.
Enjoy
MACD Scalper AnalysisThis is a scalper analysis movement designed around MACD and 200 EMA
The rules are simple:
For long we check if the close of the candle is above the ema200 and we have a crossover between macd and signal
Once this happens we analyse the next candle, if its close higher than open , we can consider it a win and if its close lower than open we consider a lose.
For short we check if the close of the candle is below the ema200 and we have a crossunder between macd and signal
Once this happens we analyse the next candle, if its close higher than open , we can consider it a loss and if its close lower than open we consider a win.
Once we have all of this we analyse the average percentage movement and establish if the specific asset or timeframe is worthy for us.
At the same time it can give a good idea if we can go with a divergence strategy, like for example we have a short entry, but we will actually go long and viceversa.
If you have any questions let me know !
MACD in BANDSMy idea is to make the MACD histogram oscillating in a range from 0-100 just like the RSI .
I did it successfully, but compared to normal MACD histogram it is too low and hard to see because most values just fluctuate slightly above or below 50. So I'm happy and grateful to anyone who can offer guidance.
Image:
Awesome Oscillator PlusThe Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.
The Awesome Oscillator's saucer is a trading signal that many analysts use to identify potential rapid changes in momentum. The saucer strategy involves looking for changes in three consecutive bars that are on the same side of the zero line.
AO's saucers can be either bullish or bearish. A bullish saucer can be identified when the awesome oscillator is above the zero line and there are two consecutive red bars – with the second bar being lower than the first – which are followed by a green bar.
On the other hand, a bearish saucer can be identified by two consecutive green bars below the zero line – with the second bar being lower than the first – which are immediately followed by a red bar.
Bullish saucer = Background and green arrow
Bearish saucer = Background and red arrow
Alerts can be triggered when a bullish or bearish saucer occurs.
Blue dots mean that the maximum or minimum of 150 periods has been exceeded (you can change the number of periods). Also added a signal line which can be exchanged for different moving averages.
The MACD line and histogram have a setting of Fast MA = 13, Slow MA = 21 and Signal = 8.
Added light blue dots as bullish signals (MACD line below zero and line crossing) and pink dots as bearish signals (MACD line above zero and line crossing). Alerts can be activated to notify such signals.
[DMG] REVEREND v2REVEREND (RSI based Trend Reversal Indicator)
Info:
This is an RSI based convergence divergence (like MACD) indicator using SMAs or DEMAs for smoothing.
You can optionally filter the signals with the stochastic momentum indicator (SMI) levels or via simple overbought/oversold RSI levels.
Signals:
Purple is the Slow MA, Green is the Fast MA, Blue is the SMI (Momentum).
Buy and Sell signals are shown as circles (yellow on top sell, green on bottom buy)
The histogram is for easier differentiation (like macd) zero crossings creating the signals.
Usage:
Settings can never be perfect for any indicator, defaults should be good for BTC, ETH.
Sell signals should be taken with falling momentum, buys with rising momentum.
Watch out for false signals if Momentum is still rising while it prints a sell signal it is most likely false, you can filter these by using longer MAs but then it becomes more lagging.
A sufficiently fast fast-MA can be used for tracking RSI itself and since it also displays the stoch. momentum signal you can also check for divergences yourself or anticipate moves by their slope.
This is my main indicator for a year now and I wish I had followed it more ;) I additionally use EMAs, VWAP, Divergences and Volume Indicators, just remember price is king.
If you have questions or additional ideas I'd be happy to read them!
Good Luck! :D
MACD Divergence Fast by RSUAdvantages:
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 “RSI Divergence Fast by RSU” at the same time, because RSI divergence usually occurs before macd, if the position diverges at the same time, the probability of success will increase.
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 K line 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.
[CP]Pivot Boss Multi Timeframe CPR Inception with MACD and EMAINTRODUCTION:
This indicator combines multi-timeframe CPR bands with MACD Momentum and EMA trend, all projected on the candlestick chart through a novel visualization.
If you have seen my other indicators on TradingView, you would know that I use floor pivots a lot and “Secrets of a Pivot Boss” is my favorite book. While using floor pivots, time and again I have noticed an interesting price behavior,
Trending moves in price typically start from around the Central Pivot Range (CPR). The CPR could be from ANY timeframe. These moves can easily be caught using simple momentum and trend indicators like MACD and EMA crossovers.
Yes, it is that simple. Follow along to understand how to use this indicator.
INDICATOR SETTINGS:
RANGEBOUND MACD AND EMA MARKINGS:
TradingView limits the max number of labels that can be shown on a chart to 500. Therefore, if you go far back enough, you won't see any markings for the MACD or EMA setups. If you are looking to test the efficacy of this indicator in the past, change the start and end dates to your desired timeframe and then select the ‘Mark MACD and EMA Setups in Range?’ option.
MULTI TIMEFRAME CENTRAL PIVOT RANGE:
Here you can select CPRs and their bands from which timeframes are shown on the chart. I will share my favorite settings later in this description.
CPR CONFIGURATION:
Show CPR Labels: CPRs markings can carry labels, so that you don’t confuse between which line is what. Use this setting to toggle them On/Off.
Show Next Time Period Pivots: Check this option if you want to see the CPR of the next time period. This is typically done to figure out the ’Two Day CPR Relationship’ . Read the book, “Secrets of a Pivot Boss”, to understand more.
EMA TREND:
Show EMA on the Chart: EMAs will be plotted on the chart. Standard stuff.
Mark EMA Crossovers on Chart: EMA crossovers will be marked on the chart in diamond shapes. If you are using EMA crossovers, I recommend setting this option to True.
Rest of the EMA settings are fairly obvious.
MACD MOMENTUM:
Projecting MACD parameters directly on the candlesticks is surely going to give you a new perspective about price action and MACD.
Also, in order to better understand the MACD projections on the chart, you can add a standard MACD indicator on the chart with default settings to figure out what my indicator is actually showing you.
Marking MACD Crossovers on Chart: Marks the MACD signal crossovers on the chart. This visualization was a game changer for me.
Show MACD Histogram on Chart: Projects the complete MACD Histogram in a novel fashion (Try it!). You will be able to visually see the ebbs and flow of momentum in the charts.
Mark MACD Histogram Peaks on Chart: Marks only the MACD peaks instead of the complete histogram. Peaks are a great way to enter an ongoing trend and to play an intraday rangebound market.
Rest of the settings are just the standard settings that you will find in a typical MACD indicator.
ALERTS:
Not shown in the settings panel, but I have added alerts for EMA and MACD Crossovers so that you don’t have to sit in front of the charts or constantly check the price all day long.
If you don’t know how to set alerts in TradingView, then please Google it.
INDICATOR USAGE EXAMPLES:
This indicator can be used in intraday as well as in higher timeframes.
There are quite a few variations possible, I personally prefer to use the EMA crossovers in intraday (5m) and MACD on Daily timeframes.
This is just a matter of personal preference, some people might prefer using EMAs only or MACD only in all timeframes.
Here are my personal settings for the intraday 5-minute timeframe:
Turn on all the CPR pivots starting from Yearly all the way to Daily. You can turn on 6 hourly and 4 hourly as well if you want.
Hourly CPR is mostly used when the price is in a strong trend and you missed the entry and don’t know when to enter. Price will typically experience pullbacks towards the Hourly CPR, before resuming in the direction of the trend. That is your chance to hop onto the bandwagon.
For Intraday, I keep the Bands off. Just a personal preference here.
You can turn ON the Show CPR Labels , if you want.
Turn ON both the options in the EMA TREND section. You would want to see the EMA crossovers marked on the chart as well as the EMAs themselves, as the distance between the two EMAs will give you an idea about the strength of the trend.
Keep rest of the settings in the EMA section as default (you can change the colors if you wish). I keep the same EMAs as the ones kept in the MACD indicator. I like to keep things simple.
In the MACD MOMENTUM section, turn ON Mark MACD Histogram Peaks on Chart and all the other options turned OFF. Leave the other settings as default. By the way, these are the default settings of the standard MACD Indicator.
You can set up EMA Bullcross and Bearcross alarms if you like.
Before checking out the examples, remember one super simple rule:
SOME OF THE BEST TRENDING MOVES IN THE MARKET, BE IT INTRADAY OR OTHERWISE, ORIGINATE IN THE VICINITY OF A LARGER TIMEFRAME PIVOT/CPR.
Look for price settling above/below a pivot, and then a move away from the pivot in any direction is typically a trending move.
You can use hourly pivots or MACD Histogram peaks marked on the chart to enter an existing trend, or add to your positions.
Let’s have a look at a few recent intraday examples from the Crypto, Indian, and US equity markets.
I have added my comments in the charts to make you easily understand what is going on.
Understand that both, moving average crossover and MACD, will give out a lot of signals (chop) every day. But almost 70% of them are going to be fake signals. It is the signals that you get when the price is near a Pivot, that tend to convert into gorgeous trending moves that last.
BTC 5m Charts
NIFTY Futures 5m Charts (good intraday trends are hard to find here, as the market is very efficient)
TSLA 5m Charts
Some important points for using this indicator in higher timeframes:
For higher timeframes, my personal preference is to go with the MACD indicator. I personally find MACD to be lethal on daily and weekly timeframes, if you know how to use it well.
The default settings of the indicator are the settings I use for both, Daily and Weekly, timeframes. Additionally, I turn off the CPR labels.
In theory large trending moves still have a big probability to start near an important pivot level, however, in larger timeframes, trending moves can start from anywhere. They need not start in the vicinity of any important pivot (but they often do!).
Weekly pivots can act as great pullback levels when the price is in strong momentum, when trading on the daily timeframe.
Quarterly Pivots act as great pullback levels when the price is in strong momentum, when trading on the weekly timeframe.
BTC Weekly Chart
BTC Daily Chart
Nifty Weekly Chart
Nifty Daily Chart
NASDAQ Weekly Chart
NASDAQ Daily Chart
FINAL WORDS:
Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage.
DO NOT conflate the accuracy of examples with the accuracy of this indicator.
Biggest catch is the fact that this indicator, like every other indicator out there, will have whipsaws. Some I have also marked in the example charts.
You need to come up with your own technique to avoid whipsaws, one technique I have shared here…… big moves typically start near pivots.
Work on avoiding whipsaws and finding you own edge in the markets.
If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
FinancialWisdom Breakout IndicatorBreakout is detected when:
1- Price is higher than previous 6 bars
2- price is above 1% of previous high and below 20%
3- price is above 20 week moving average
4- Volume is higher by 30% of 1 candle before.
5-MACD is positive
Remember indicators/strategies are there to help you in your trading and not to trade based on them solely.
Not a financial advise.
Midas Mk. II - Ultimate Crypto Swing>> This scrip is only meant to be used in 4hour crypto chart <<
How It Works - To swing trade in a 4 hr candles, which has a much larger range than shorter timeframe candles, the script utilizes a longer timeframe ema, sma and MACDs to account for such. When the ema and sma crosses and the rate of change of the MACD histogram is in favor of the direction, then the system provides a long/short signal.
How To Use - The script works the best when the signal is in par with other analyses (trend, harmonic patterns, etc.) This script does not provide any exit signals , so I recommend exiting when the candle breaks out of the structure, or other strategies.
Updates or revisions will be recorded in the comments. Good luck with this script!
(MACD-Price) Displaying MACD Indicators on Price Chartshello?
Although it is a simple indicator, I decided to disclose it because I thought it was a pretty useful (?) indicator.
** Others may have previously published indicators similar to this indicator.
** Please understand this.
** All charts or indicators disclosed are not guaranteed to result in profit or loss.
** Therefore, please use it as a reference for your own trading strategy.
(design purpose)
The MACD indicator is a secondary indicator and is located below the price chart.
Accordingly, it is not easy to check along with the price flow.
Therefore, the index has been reorganized to display important factors in interpreting the MACD index according to the price change.
(Metric Description)
- The center line of the EMA line corresponding to the MACD value and the signal value displayed in the MACD indicator is designed to receive the Close value or Open value among prices according to changes in the rise and fall.
- The color of the line displayed in the manner described above is designed to change color when the Histogram passes the zero point, so that you can check whether the current state is in an uptrend or a downtrend.
Uptrend: green
Downtrend: blue
(How to Interpret and Apply)
- Buy when the 'Buy / Sell line' of the MACD-P indicator is level and the color is green, and when it crosses the 'Buy / Sell line' upwards.
- Sell when the 'Buy / Sell line' of the MACD-P indicator is level and the color is blue, and when it crosses below the 'Buy / Sell line'.
MACD Strategy AlertThis Indicator will only give you potential entry base on MACD strategy combine with a 200 EMA
-Sell when price under 200 ema and MACD is crossing the signal line above 0
-Buy when price above 200 ema and MACD is crossing the signal line under 0
-Sending Alert for each Potential Entry
HULL MACDThis MACD modification uses a fast HULL MA instead of the regular one. Also includes 2 horizontal lines. When using it on a daily timeframe the lower borders should be used for guidance to know when the market has gone too far away from the average price and thus a reversal might happen.
On smaller timeframes the dotted lines can be used for this purpose.