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Enhanced MACD with Trend Confirmation (RMAC) [visualSilicon]
RMAC - Enhanced MACD with Trend Confirmation
Description:
The Relative Moving Average Convergence Divergence (RMAC) is an innovative adaptation of the traditional MACD indicator that helps identify high-probability trade setups by combining trend analysis with dynamic support/resistance levels.
Key Features:
Dynamic threshold lines that adapt to recent price action
Combines MACD with a signal averaging system to reduce false signals
Clear visual signals for both long and short setups
Customizable parameters for different timeframes and trading styles
How It Works:
The indicator calculates a signal average based on the highest and lowest signal values over a specified period. This creates dynamic threshold lines that help filter out noise and identify stronger trend movements. A trading signal occurs when the signal line crosses and closes above/below these threshold lines while moving in the direction of the overall trend.
Parameters:
Signal Average Length: Period for calculating the dynamic thresholds (default: 45)
Fast Length: Short-term EMA period (default: 2)
Slow Length: Long-term EMA period (default: 20)
Signal Smoothing: Smoothing period for the signal line (default: 1)
MA Types: Choose between SMA or EMA for both oscillator and signal calculations
Best Practices:
Use in conjunction with overall trend analysis
Look for setups where price respects key support/resistance levels
Consider volume confirmation at potential entry points
More reliable signals typically occur when used on higher timeframes
Limitations:
Like all indicators, RMAC can produce false signals, especially in choppy markets
Should not be used as a standalone trading system
Past performance does not guarantee future results
Backtest thoroughly before using in live trading
This indicator is free and open-source. If you find it useful, please consider leaving a like or comment.
Note: Always use proper risk management and combine this tool with other forms of analysis for best results.
Description:
The Relative Moving Average Convergence Divergence (RMAC) is an innovative adaptation of the traditional MACD indicator that helps identify high-probability trade setups by combining trend analysis with dynamic support/resistance levels.
Key Features:
Dynamic threshold lines that adapt to recent price action
Combines MACD with a signal averaging system to reduce false signals
Clear visual signals for both long and short setups
Customizable parameters for different timeframes and trading styles
How It Works:
The indicator calculates a signal average based on the highest and lowest signal values over a specified period. This creates dynamic threshold lines that help filter out noise and identify stronger trend movements. A trading signal occurs when the signal line crosses and closes above/below these threshold lines while moving in the direction of the overall trend.
Parameters:
Signal Average Length: Period for calculating the dynamic thresholds (default: 45)
Fast Length: Short-term EMA period (default: 2)
Slow Length: Long-term EMA period (default: 20)
Signal Smoothing: Smoothing period for the signal line (default: 1)
MA Types: Choose between SMA or EMA for both oscillator and signal calculations
Best Practices:
Use in conjunction with overall trend analysis
Look for setups where price respects key support/resistance levels
Consider volume confirmation at potential entry points
More reliable signals typically occur when used on higher timeframes
Limitations:
Like all indicators, RMAC can produce false signals, especially in choppy markets
Should not be used as a standalone trading system
Past performance does not guarantee future results
Backtest thoroughly before using in live trading
This indicator is free and open-source. If you find it useful, please consider leaving a like or comment.
Note: Always use proper risk management and combine this tool with other forms of analysis for best results.
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