akrizary

MACD M4CD

This script show:
1. Signal line base on sma blue color
2. Signal line base on ema orange color
3. Green bar mean current bar is high than signal line
4. Red bar mean current bar is low than signal line

if bar upper zero line, it show uptrend
if bar below zero line, it show downtrend
If orange line cross up blue line, it show signal buy.
If blue line cross down orange line, it show signal sell.

Combined it with other indicator you preferred such as support and resistant to avoid more noise.

The default setting is 5,20,5. (for short to midterm strategy)

my idea:
5 for five days in a week.
20 for twenty day in a month.


Thats all, hope benefit tou you all.
Thank you.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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