PROTECTED SOURCE SCRIPT
Updated

My MACD S/R

18 092
This script is dynamic support & resistance based on MACD crossover.

Resistance= highest value of candle looks back when MACD crossdown.

Support= lowest value of candle looks back when MACD crossover.

Middle line is average of Resistance and Support.


Buy when close crossover Mid line.

Sell when close crossunder Mid line.
Release Notes
Added Heikin Ashi Option
Added Buy/Sell Line Reference
Release Notes

Added Trendline for S/R and Middle Line
Added Middle Line ratio
Added option MACD HA and Kalman Ehler
Added more Trading Style
If Buy, please use Green TrendLine as SL or Trailing
If Sell, please use Red TrendLine as SL or Trailing

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.