MACD with 3 strategiesMACD WITH 3 STRATEGIES
- Macd line change colour when cross the signal line
- Background Color change colour based on a moving average, on settings the value of the moving average can be changed 50,100,150,200
- Strategy one based on Macd lines with bar changing colours
- Strategy two based on Macd lines but with a different method
- Strategy three based on two other trending indicators
This indicator can be used to spot trends and changing of direction of the market and with the bar coloured its easier to identify them.
The strategy one can be used as confirmation of a trend or as changing direction integrated with other indicators like Rsi , Stochastic, Supertrend , Bollinger band, with ema option mode works better.
The strategy two can be use together with the back ground colour: When is red and the candles are red can be identified as strong drown trend.
When is green and the candles are green can be identified as strong up trend.
The strategy three can be used after checked the strategy two for more confirmation for a trend.
VERY IMPORTANT WHEN YOU TRY A NEW STRATEGY TEST IT IN A DEMO ACCOUNT FOR AT LEAST 3 MONTHS
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Enjoy!
Macd-cross
ANTS BEAST MODE TRIX+MACD TRIX CROSSThis indicator is both the TRIX + MACD all in one inidicator -- a + sign is displayed whenever the trix crosses
RN MACD SignalsThis is my simple way to quickly see MACD signals without having the MACD taking up space. The one at the bottom is for display to show how this works. A crossover occurs when the arrow flips over. The position of the arrow tells you if it is currently above or below the zero line. You can change the script to overlay and have it show up above or below price also. Let me know what you think.