OPEN-SOURCE SCRIPT
MACD HTF - Dynamic Smoothing
Enhancing Your 1-Minute Trades with Dynamic HTF MACD Smoothing
Ever found yourself glued to a 1-minute chart, trying to catch every minor price movement, yet feeling like you're missing the bigger picture? Picture this: a solid MACD line on that chart, dynamically smoothed from a higher timeframe (HTF). This tool offers two significant benefits over other existing HTF MACD indicators:
Understanding the MACD
The Moving Average Convergence Divergence (MACD) is one of the most widely used and trusted technical indicators in the trading community. Invented by Gerald Appel in the late 1970s, the MACD helps traders understand the relationship between two moving averages of a security's price. It consists of the MACD line (difference between a 12-period and 26-period Exponential Moving Average) and the Signal line (9-period EMA of the MACD line). When the MACD line crosses above the Signal line, it's viewed as a bullish signal, and vice versa. The difference between the two lines is represented as a histogram, providing insights into potential buy or sell opportunities.
Features of the Dynamic HTF MACD Smoothing Script
At last
A massive shoutout to all the wizards and generous contributors in the community! You inspire innovations and new tools, paving the path forward. Here's to a community where we learn and build together. Cheers to collective growth!
Ever found yourself glued to a 1-minute chart, trying to catch every minor price movement, yet feeling like you're missing the bigger picture? Picture this: a solid MACD line on that chart, dynamically smoothed from a higher timeframe (HTF). This tool offers two significant benefits over other existing HTF MACD indicators:
- User-Friendly Interface: No need to manually adjust input parameters every time you switch to a different timeframe.
- Smooth Charting: Say goodbye to the zigzag lines that often result from plotting higher time frame resolutions on a lower time frame.
Understanding the MACD
The Moving Average Convergence Divergence (MACD) is one of the most widely used and trusted technical indicators in the trading community. Invented by Gerald Appel in the late 1970s, the MACD helps traders understand the relationship between two moving averages of a security's price. It consists of the MACD line (difference between a 12-period and 26-period Exponential Moving Average) and the Signal line (9-period EMA of the MACD line). When the MACD line crosses above the Signal line, it's viewed as a bullish signal, and vice versa. The difference between the two lines is represented as a histogram, providing insights into potential buy or sell opportunities.
Features of the Dynamic HTF MACD Smoothing Script
- Time Frame Flexibility: Choose a higher timeframe to derive MACD values and apply dynamic smoothing to your current timeframe.
- Multiple Moving Averages: The script supports various MA types like EMA, SMA, DEMA, TEMA, WMA and HMA.
- Alerts: Get real-time alerts for MACD crossover and crossunder.
- Customizability: From the type of moving average to its length, customize as per your strategy.
- Visual Indicators: Clearly plots signals when MACD crossover or crossunder occurs for potential entries.
At last
A massive shoutout to all the wizards and generous contributors in the community! You inspire innovations and new tools, paving the path forward. Here's to a community where we learn and build together. Cheers to collective growth!
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.