This script is dynamic support & resistance based on MACD cross.
Resistance= Highest value of candle looks back when MACD crossunder.
Support= Lowest value of candle looks back when MACD crossover.
Middle line is average of Resistance and Support.
Buy when close, LSMA and SMMA crossover middle line. Please use Green Trend Line as SL or Trailing.
Is it not a pain in the butt not to find a simple script like this one in TV? I didn't find one, so I made it.
- Simple script with 3 simple Exponential Moving Averages.
- Settable time resolution.
- Colored fill between EMA20/50 pair, and between EMA50/200 pair.
More useful than you think:
- I've found it specially useful for...
This is Screener script for Mean Reversion Channel Indicator
█ Description & How To Use
The screener works by scanning through up to 40 symbols and list down symbols that are currently within Overbought/Oversold Zone as defined by Mean Reversion Channel indicator.
The Overbought/Oversold Zone are further categorized and sorted by:
This script computes moving averages which the weighting of the recent quarter takes up about a half weight.
This script also provides their upper bands and lower bands.
You can apply moving average or band strategies with this script.
Moving average is a popular indicator which can eliminate market noise and observe trend.
There are several...