mastixmc

MACD Crossover Trend Indicator

This is a very simple "the trend is your friend" indicator - if you are consistent!

How this indicator works:
This indicator detects MACD Crossovers based on the current trend. It checks wether the current close price is above or below the 200 EMA and therefore decides whether we are in an up- or down trend.

UP-TREND: If the price is above the EMA200, the MACD is below 0 and crosses up the signal line, then this is a BUY signal!

DOWN-TREND: If the price is below the EMA200, MACD is above 0 and crosses down the signal line, then this is a SELL signal!

You can also add an alert, that keeps you informed, once one of these scenario happens for a certain pair!

With this indicator you will never enter against the trend.

Have fun! :)
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan

Komen

Nice script, I removed the MACD <0 to give more signals
Balas
Awesome! Is there a way it utilise it as a scan so that a buy/sell would show up on your screen through an alert?
Balas
Much thanks!
Balas
Good Job!
Balas
why isnt there Sell cross places ?
Balas
mastixmc aktifgirisimci
@aktifgirisimci, this indicator only puts SELLs when the price is below the EMA200. Which is not the case in this example. Use this Indicator on a bearish pair and you'll also see SELL signals.
Balas
Great Job
Balas
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