Its an MACD indicator which highlights places where macd and signal line cross and hidden divergence ocures.
Logic behind it is to check if we have hidden divergence when crossing of that two lines and if above EMA200 (signal for BUY - green) or if below EMA200 (signal for SELL - red).
You can change lenght of EMA but i think 200 is a simpliest trend indicator.
## CDC ActionZone V3 2020 ##
This is an update to my earlier script, CDC ActionZone V2
The two scripts works slightly differently with V3 reacting slightly faster.
The main update is focused around conforming the standard to Pine Script V4.
## How it works ##
ActionZone is a very simple system, utilizing just two exponential moving
averages. The 'Zones' in...
This indicator draws signals on the chart when a Bullish MACD Crossover occurs at the same time RSI is "oversold", and also when Bearish MACD Crossover occurs at the same time RSI is "overbought"
Indicators are drawn on the chart in the following scenarios:
1. Bullish signal
a. MACD bullish crossover occurs on a single bar
b. RSI was below the Oversold...
Simple indicator with the thought of merging MACD and ATR. The idea has come from trying to find a way to define sideways markets. Whipped this up quickly to explore the idea.
Feel free to throw in suggestions or even mention other open source indicators that define sideways markets well.
Simple instructions
If histogram green, breakouts/trade zone.
If histogram...
It is an indicator that overlaps MACD and Stochastics.
It has both characteristics.
The trend changes when two lines intersect.
I think the reaction is bad in the range market.
Also, when there are Stochastics and MACD lines above the indicator, it is possible to think whether it is overbought while riding the trend, and it may be helpful for making decisions such...
Script designed for users who need more than 3 indicators. It has 3 programmable "Simple Mobile Averages". MACD integrated in the main panel, also programmable.
This is the open-source stripped down version of the full-featured RSI-MACD indicator (MACRS), with the ADO and the option to filter out weekend price action removed.
The main oscillator is the RSI modulated by the MACD (default). The RSI mode can be disabled to revert to a normal MACD oscillator for the main oscillator.
When the main oscillator (thicker line)...
This indicator is a restricted MACD .
I reached this with a little trick: I devided it by ATR . This way it is most of the time inside the -1..1 range. It depends on the length of the ATR's period. If it is greater, the probability of outliers is greater.
With this indicator you can use cerain levels of MACD and its histogram as a trigger.
Share with me if...
The Double Exponential Moving Average (DEMA) indicator was introduced in January 1994 by Patrick G. Mulloy, in an article in the "Technical Analysis of Stocks & Commodities" magazine: "Smoothing Data with Faster Moving Averages"
It attempts to remove the inherent lag associated to Moving Averages by placing more weight on recent values. The name suggests this is...
This is plots the indicator developed by Andrew Abraham in the Trading the Trend article of TASC September 1998
The strategy I use has already been published explicitly by HPotter, you can review the core code from there.
I have converted the existing strategy codes that have been published into the strategy and the result looks great but I noticed that the...
I use the horizontal scale lines on the MACD indicator as part of my scalping strategy along with other indicators like RSI/EMA and Market Cipher B when trading BTC
I am looking for a cross above or below the 12.5 and 25 horizontal scale lines, along with lining up other indicators
I set my alerts on the 5 min TF and look to the 15 and 30 min TF's for further...
Hi!
That's my first strategy. I already learn pine, so i will work on it more. Now i search how to make trailing stop working.
"WMA + MACD strategy with traiing stop" is very simple strategy which is designated for stocks market. It is created only to take long positions.
Buy signal is when WMA(120) is below price and macd(10,20,10) histogram is higher than...
MACD but on the Quadratic Weighted Moving Average instead of regular Moving Average
"The quadratic moving average ( QMA ) or quadratic weighted moving average (QWMA) is a type of moving average who is closer to the price when price is up trending. This moving average is defined as the square root of the moving average of the squared price." @alexgrover ()
Base...
This is an indicator I've been playing with for a while, based on my previous MACD w/ RSI Warning indicator. This one takes it a step further, including information from MACD, RSI, ADX, and Parabolic SAR. These four indicators are represented in this indicator as follows:
MACD: The histogram itself is a normal MACD histogram. Nothing strange about it, and you...
Hello friends
This indicator can help you to combine the three indicators together
EMA (20), MACD (12, 26, 20), RSI (14)
Apply ema20 to rsi as the signal line
Long arrival time
Price above EMA20, MACD above signal line and RSI above signal line
Short arrival time
Price below EMA20, MACD below signal line and RSI below signal line
