One of out most premium indicators is this MTF MacD Stochastic RSI combo.
This is calculated with specific conditions to give the best signals for market reversals or continued trends.
======= For a detailed description of how the REDWOOD MacD works, see profile (links of personal indicators arent posting for some reason)
For a detailed description of how the REDWOOD Stochastic RSI works, see profile =======
These are both powerful indicators alone, but together they work very well together to confirm positions or see new entries or exits.
Without giving too much away on how it is made, this takes trades when the MacD is weak, with a confirming signal from the Stoch RSI just the other way, it takes trades when the MacD is strong, and the Stoch RSI confirms trend.
This was made to reduce clutter of watching multiple indicators, while still giving you a chance to see what both indicators are doing and how they are flowing together.
Custom alerts are set so you never miss a trade opportunity! Get alerted on all reversals, strong signals, or even signals from the MacD or Stochastic RSI crosses!
This is a Multi Timeframe indicator so you can see what is happening on a long term time frame while trading short time frame bars, getting a better position in the market.
Best trades are when the alert or indicator is signaling, and the close of the MacD is about to happen on the MTF time frame set. All timeframes for both MacD and Stoch can be customized, and they do come with default settings.
Best MTF Time frames are longer timeframes (1hr, 4hr, D) but it can work well with current timeframe and lower timeframes (15min, 30min)
All settings for the MacD and Stoch are the same as the original, you can remove the MacD or histogram, remove or see crosses, and even color in pivot points in the MacD
~~~ Added feature is this indicator by default shows the MacD to tell you the overall trend, but you can uncheck the Show MacD setting to remove the MacD and check the Show Stoch RSI to have the indicator show you the Stoch RSI all in the same indicator! This is extremely useful to see where the Stoch RSI is at when the MacD is turning or pivoting. If the stoch is turning as well and overbought or oversold, it is a good time to enter or exit a position.
Dark Green is showing buy signals, and dark maroon is showing sell signals.
The coloring in the background (red, lime) is showing the trend we are riding and when the color goes away it is an indication of a possible trend reversal or dip coming. These are mostly used to confirm positions. ~~~
The timeframes I recommend would be the 4hr on both, althought it has proven to work well (if you want more signals) to have either the MacD or Stoch RSI on a higher timeframe and the opposite on a lower timeframe. All plots and inputs can be customized to your own liking, and there is the option to color the bars with the Stoch RSI being overbought or oversold.
Best Trading Strategy : Enter positions according to the colors being alerted (green = buy, red = sell) when the FIRST is alerted. This is the ideal and best entry. For safer trading you can wait for a second to confirm and enter there.
Trades can be taken on the shading colors too, trading on trend waves, although this is risky as some waves end abruptly. Best signals are as stated above. This indicator works very well on its own but can work well along side our other indicators listed here : Bishop MA's or MA Cloud with Fill
This can be a very useful indicator, and I'm sure some may find settings that work even better than the default or recommended settings.
This indicator works on all markets, forex, cryptocurrency, and stocks.
For access to this and all indicators available, please DM me here or See profile. We are here to help each other succeed! The more one succeeds the more we all succeed! We are all in this together and every person deserves to be financially independent and confident when taking trades and investing.
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 REDW00D 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
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.
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.
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 REDW00D 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
Amaran: sila baca panduan kami untuk skrip jemputan sahaja sebelum memohon akses.
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.