BenMACD Wilders LTF (Learning to Fish) PTBH (Paid By The Hour)

Howdy folks!

The study/script is based on Wilders MACD, and has its roots in "Learning to Fish", and "Paid by The Hour", made popular by Daniel on Twitter. This takes Daniel's work a step further.

As stated, this MACD Wilders based study. By using this script in TradingView you can take guesswork out of the "curls" and "I think it's curling up? Let me check the blue line and subtract..." Forget all that. This study alerts you with big red arrows and big green arrows, and a banner and a message. And it makes sounds. Alert for bullish and a different sound for bearish.

This study is timeframe and instrument agnostic. Use it to daytrade, swing trade, or trade pairs. I've personally found a lot of success using this, trading pairs (SQQQ/TQQQ or TNZ/TZA, for example) on the 5m and 15m intervals. It's also been very accurate on PBTH using stocks like SQ or BX.

With arrows showing the MACD curl, it makes trading a lot easier.

Also included are 4 built in alert conditions:

upsignal - A bullish alert for 1 bar on the MACD.
upsignalconfirm - A bullish alert on 2 consecutive bars on the MACD. Confirmation alert.
downsignal - A bearish alert for 1 bar on the MACD.
downsignalconfirm - A bearish alert on 2 consecutive bars on the MACD. Confirmation alert.

I can help setup alerts for you if need be, or if you're fluent in TradingView, you're welcome to do that yourself. The premise here, is that the upsignal is a bullish indicator (and is indicated with a green up arrow on the BenMACD chart) and the downsignal is a bearish indicator (and is indicated with a red down arrow on the BenMACD chart).

The upsignalconfirm and downsignal confirm and alerts built into the code. The alerts themselves will have to be created, but they're already here for easy reference and installation.

Nota Keluaran

Added green and red flags for confirmation.

Nota Keluaran

Updated MACD line to change from red to green and back when it flips.

Nota Keluaran

Fixed colors

Nota Keluaran

Made green bright on MACD line

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arrows brighter green.

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Changed the bar setting from "open" price to "close" price.

Nota Keluaran

Removed flags for confirmation, seeing adding in a color changing MACD line addresses the same thing. Also cleans up the chart.

Nota Keluaran

touchups

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Updated alerting messaging.

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Darkened the arrows to delineate from the histogram.

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Code comments only.

Nota Keluaran

updated to version 5, and added zero line.

Skrip jemputan sahaja

Hanya pengguna yang diberikan kebenaran oleh penulis mempunyai akses kepada skrip ini dan ini selalunya memerlukan pembayaran. Anda boleh menambahkan skrip kepada kegemaran anda tetapi anda hanya boleh menggunakannya selepas meminta kebenaran dan mendapatkannya daripada penulis — ketarhui lebih lanjut di sini. Untuk lebih butiran, ikuti arahan penulis di bawah atau hubungi benjune secara terus.

TradingView tidak menyarankan pembayaran untuk atau menggunakan skrip kecuali anda benar-benar mempercayai penulisnya dan memahami bagaimana ia berfungsi. Anda juga boleh mendapatkan alternatif sumber terbuka lain yang percuma dalam skrip komuniti kami.

Arahan penulis

Please reach out to the author here.

Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.

benjune

Juga pada:

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Skrip jemputan sahaja

Arahan penulis

Please reach out to the author here.

Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.

benjune

Juga pada: