📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price.
📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's...
This script plots VWMA(ADX) vs EMA(DI+) under pre-set time frame.
Feature:
The Main Strategy is to look for potential BUY opportunity (Intraday trading, Session trading, Swing) when EMA(DI+) colored blue, entering upward into Green zone where ADX counterpart (default colored: Yellow) is also present.
Formula plot is also helpful to understand upcoming...