🔵 Introduction 🟣 What is Divergence in Financial Markets? Divergence in technical analysis happens when the price of a stock moves in a direction opposite to certain indicators. This is a crucial concept in financial markets as it can signal either a trend reversal or a continuation of the current correction in the trend. Understanding divergence helps traders...
Test strategy for MACD This strategy, named "MACD Enhanced Strategy MTF with Stop Loss ," is a modified Moving Average Convergence Divergence (MACD) strategy with enhancements such as multi-timeframe (MTF) analysis, custom scoring, and a dynamic stop loss mechanism. Let’s break down how to effectively use it: Key Elements of the Strategy MACD Indicator with...
BRT MACD Custom — Adaptive and Flexible MACD for Multi-Timeframe Analysis The BRT MACD Custom is an advanced version of the traditional MACD indicator, offering additional flexibility and adaptability for multi-timeframe trading. This custom script allows traders to adjust the calculation parameters for MACD to suit their specific trading strategy, timeframe,...
Adaptive MA Scalping Strategy The Adaptive MA Scalping Strategy is an innovative trading approach that merges the strengths of the Kaufman's Adaptive Moving Average (KAMA) with the Moving Average Convergence Divergence (MACD) histogram. This combination results in a momentum-adaptive moving average that dynamically adjusts to market conditions, providing traders...
Buy Signal: Triggered when ROC > threshold and the MACD line crosses above the Signal line. Sell Signal: Triggered when ROC < threshold and the MACD line crosses below the Signal line. Visual Elements: Green labels with "Buy" are displayed below the bars for buy signals. Red labels with "Sell" are displayed above the bars for sell signals. The background turns...
The "Market Direction" indicator combines four advanced sub-indicators to provide a comprehensive and multi-dimensional analysis of market trends, momentum, and potential reversals. This innovative approach leverages different aspects of price action, volume, and market sentiment, offering traders an in-depth view of market conditions. 1. Fractal Indicator:...
This script provides a powerful volume-based indicator that visualizes buy and sell volumes, issues alerts for volume spikes, and adjusts color intensity dynamically based on volume size. It includes customizable settings for volume averaging and thresholds, making it adaptable to various trading strategies.
Utility of the Indicator The core utility of this indicator lies in its ability to utilize volume, a less frequently exploited metric in MACD analysis, providing several strategic advantages: Trend Confirmation: By focusing on volume, the indicator confirms whether movements in price are backed by significant trading activity. A rising MACD line above the...
Custom MACD Oscillator with Bar Coloring This custom MACD indicator is a fusion of two powerful MACD implementations, combining the best features of both the MACD Crossover by HPotter and the Multiple Time Frame Custom MACD Indicator by ChrisMoody. The indicator enhances the traditional MACD with customizable options and dynamic bar coloring based on the...
Key Features and Utility: Intrabar Focus: Unlike standard VWAP, which provides a cumulative average throughout the day, the Intrabar VWAP focuses on volume-weighted price calculations within shorter time frames. This allows traders to see how price and volume interact moment-to-moment, offering a granular view of market sentiment. Market Pressure Analysis:...
Volume-Adjusted Schaff Trend Cycle (VASTC) The VASTC is a fairly fast-moving oscillator designed to identify trends early and signal when trends may be nearing their end. While it can be used for both trend-following and mean-reversion strategies , it shines in trend-following setups. It’s particularly useful for catching the start of a trend and giving...
Overview The RSI Trend Following Strategy utilizes Relative Strength Index (RSI) to enter the trade for the potential trend continuation. It uses Stochastic indicator to check is the price is not in overbought territory and the MACD to measure the current price momentum. Moreover, it uses the 200-period EMA to filter the counter trend trades with the higher...
When the MACD Absolute Histogram is above a threshold (set by nth lowest absolute histogram value in the rolling window) the indicator produces the MACD Histogram level, otherwise it produces 0. This Indicator is good for identifying bullish or bearish momentum.
Overview: This trading strategy is designed for scalping in the 1-minute timeframe. It uses a combination of the Williams %R, MACD, and SMA indicators to generate buy and sell signals. It also includes alert functionalities to notify users when trades are executed or closed. Indicators Used: Williams %R : A momentum indicator that measures overbought and...
Smart Money Concepts (SMC) with MACD Signals Advanced SMC and MACD Integration for Precision Trading The "Smart Money Concepts (SMC) with MACD Signals" indicator is a powerful and versatile tool designed to enhance trading strategies by integrating two highly effective technical analysis methods into a single, cohesive indicator. This advanced script combines...
This script combines a Volume-Weighted RSI, smoothed with a custom Hull Moving Average (HMA), with a modified MACD based on normalized net volume. Volume-Weighted RSI: It is calculated by adjusting the closing price with a normalized On-Balance Volume (OBV) and then applying an RSI. This approach weights the RSI according to volume, providing a more accurate...
KMACD Indicator: Advanced Market Analysis Through Central Tendency Metrics The KMACD (KAMVIA Moving Average Convergence Divergence) indicator is an advanced, multi-dimensional tool designed to provide traders and analysts with a deeper understanding of market dynamics. By integrating the classical MACD framework with statistical measures of central tendency,...
Overview The MACD with 1D Stochastic Confirmation Reversal Strategy utilizes MACD indicator in conjunction with 1 day timeframe Stochastic indicators to obtain the high probability short-term trend reversal signals. The main idea is to wait until MACD line crosses up it’s signal line, at the same time Stochastic indicator on 1D time frame shall show the uptrend...