OPEN-SOURCE SCRIPT

MACD Scalper Analysis

This is a scalper analysis movement designed around MACD and 200 EMA

The rules are simple:
For long we check if the close of the candle is above the ema200 and we have a crossover between macd and signal
Once this happens we analyse the next candle, if its close higher than open , we can consider it a win and if its close lower than open we consider a lose.

For short we check if the close of the candle is below the ema200 and we have a crossunder between macd and signal
Once this happens we analyse the next candle, if its close higher than open , we can consider it a loss and if its close lower than open we consider a win.

Once we have all of this we analyse the average percentage movement and establish if the specific asset or timeframe is worthy for us.

At the same time it can give a good idea if we can go with a divergence strategy, like for example we have a short entry, but we will actually go long and viceversa.


If you have any questions let me know !
analysiscryptoExponential Moving Average (EMA)ForexGoldMoving Average Convergence / Divergence (MACD)scalperStocks

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 publication is governed by House rules. You can favorite it to use it on a chart.

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