OPEN-SOURCE SCRIPT

Easy Entry/Exit Trend Colors (With Alerts)

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This is an updated version of user Algokid's script called 'AK MACD BB INDICATOR V 1.00'. You can find that original script here:
AK MACD BB INDICATOR V  1.00


I added many alerts along with the Bullish and Bearish alerts when the MACD crosses over the Upperband or crosses down on the Lowerband.

I personally use this indicator with Crypto charts (Bitcoin on a 15min, 1hour, and 4 hour timeframe) as one of many confirmations that it's a good time to enter a trade. This script was made to be easy to follow with the colors of GREEN triangles being a good uptrend or entry confirmation, and RED being a confirmation to sell/short or exit your trade.

It's important to use this indicator in combination with other indicators that can give you more confirmations to enter or exit a trade, and make sure you are on normal candles and not HA or any other candles as you can get wildly inaccurate results.

This script also has the Death & Golden crosses, which is the slow and fast moving averages crossing over each other. I don't use this as an additional confirmation, it's just nice to know where the cross happens.
Nota Keluaran
Fixed scaling issues from Death/Golden Cross. Thanks to AtomOfScent for catching the bug!
alertsBollinger Bands (BB)deathcrossentryexitgoldencrossMoving Average Convergence / Divergence (MACD)Moving Averagestrending

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