Strategy - Big MACDX BB DeltaMACD

kelmarin

Strategy:
I pair this with a entry/exit strategy built around my "MACD With Crossings and Above Below Zero" script:

MACD with MACD Derivative, Crossings Above and Below Zero, Shading for ADX Smoothing and Overlayed RSI.

Entry: When MACD > 0 AND MACD crosses above the signal line [symbolized by Big Green Triangle]
Exit: When 3 out of 4 indicators signal downward momentum in a 5 period range [e.g. MACD crosses below the signal line (symbolized by a red triangle), Delta MACD crosses below 0 (symbolized by yellow line crossing below 0), RSI crossing under 70, price crosses above upper Bollinger Band Limit.
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Indicator:
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Primarily a moving average convergence divergence (MACD) momentum indicator. Displays triangle symbols when the MACD line crosses the signal line (larger triangle when MACD crosses above/below zero to indicator stronger momentum trend). This is paired with a color coded histogram that has darker shades of green/red when MACD is increasing/decreasing or accelerating/decelerating. Also includes a MACD Derivative overlay as a yellow line that shows when momentum has peaked at maximums/minimum, signaled when it crosses through zero.

Includes shading for average directional index (ADX) to further determine when the price is trending strongly [yellow, orange or red when the ADX value indicating a extremely strong (>=75), very strong (>=50), or strong trend (>=25); blue when it's a weak trend; no shading for no trend.].

Lastly, has a relative strength index (RSI) momentum indicator overlayed to help evaluate periods of overbought or oversold conditions.

I pair this with a entry/exit strategy built around these indicators.

kelmarin

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