OBV with William C. Garrett's Approximation In the classical OBV (On-Balance Volume) indicator, it simply takes the idea from traditional tape reading - treat the "up tick" as Buy, "down tick" as Sell, and it assumes no change in price as neutral* (*which is not the case in tape reading). When it comes to interpret the daily volume as such, errors will add up...
this specific Moving Average Divergence Convergence Seasons Indicator is made by Dr Ken Long Tortoise Capital brings a unique way of the flow of the market, the 4 seasons are used to describe the areas of the MACD so for example when the area is below zero and hasn't crossed the EMA 5 we call that winter which is very bear bias, once you get support in winter and...
What is MACD with Lines - Chart and why do you need it? I use it for chart analysis to identify key macd /signal levels from which bullish / bearish market structure continues to develop. Chart means that every Macd /Signal cross above/below the signal lines will be notified on your Chart and not on your MACD Indicator. To see them on your chart please choose...
What is MACD with Lines - Default and why do you need it? I use it for chart analysis to identify key macd/signal levels from which bullish/bearish market structure continues to develop. Default means that every Macd/Signal cross above/below the signal lines will be notified on your MACD Indicator and not on your chart. To see them on your chart please choose...
This is a modification of @HPotter "Combo Backtest 123 Reversal & MACD Crossover" script. I've added a trail stop, basic leverage simulation and stop loss. Below is HPotter's explanation of the script principals. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of...
setup for a classic MACD strategy with some filter to choose. it keep the default setup of MACD because is the most popular. it place the stop loss and take profit based on the trading rush video of MACD, if you want a different profict factor you can change until to reach 3, over this as a fixed risk reward don't have so much sense
Simple MACD Strategy Indicator. Rules: - MACD Crossover with Signal Line If - MACD Crossover above zero line - Price is below EMA200 => Sell If - MACD Crossover below zero line (buy) - Price is above EMA200 => Buy
Introducing the Reverse MACD Cross MACD.... short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price. Prior work by Johny Dough showed how we can...
PVD: MACD with volume as source. Options to configure: OBV, PVT, or MFI as source Display PVD or a faux zero-based oscillating CVD
I wanted to see if I could programmatically identify the conditions I saw just before Bitcoin broke its all-time high end of 2020. The signal picks up several rocket launch moments prior to launching which is quite cool. It also picks up a few false starts, however. In any case, I would have loved to be stopped out on those false starts but been there for all the...
This is a simple concept that attempts to squeeze more price action insights from the classic MACD we add a 3rd (longer length, slower) Moving Average line that acts as a trend filter - so whenever we are ("we" = the price and the 2 other MAs) are above that filter line, we consider ourselves to be in the up-trend territory, and vica versa .. so the MACD...
Moving average convergence divergence ( MACD ) is commonly and widely used for Technical Analysis . // Basis- based on default setting macdLine, signalLine, histLine = default setting with additional "cosmetic/ Makeup" 1) for 4R1G set up Trader. Histogram color as follows:- a) if Hist => 0 = Hist > Hist ? color.green : na, Hist < Hist ? color.red : na b) if...
█ OVERVIEW This Framework allows Pine Coders to quickly code Study() based signal/strategy and validate its viability before proceed to code with more advance/complex customized rules for entry, exit, trailstop, risk management etc.. This is somewhat an upgraded version of my earlier personal template with different strategy used, cleaner code and additional...
Sample Strategy: MACD Crossover with trend filter options MA Filter : Price Close Above MA, Search for Buy, Price Close Below MA, Search for Sell ADX Filter : Take trade only when ADX is above certain treshold MACD Signal : MACD Cross above signal line while under 0 line indicate Buy Signal MACD Cross below signal line while...
This indicator colors the background in vertical (green/red) stripes to indicate if the current trend is possibly bull / bear A region where the background is not colored indicates that the present trend can not be identified The algo combines the RVSI (Relative Volume Strength Index {ref fract} ) and the MACD The Relative Volume Strength Index has been...
Hello there , Short version of the Macd Long strategy. MACD Long strategy: Adding margin: Forbidden or not specified. (Add Margin : No) Position size: (for each trade) 1% Stop-Loss: (2% Above Entry Level) Long: macd crossunder Exit: macd crossover Or ofc touching the stop-Loss value as predicted. These strategies are just examples. The...