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Tutorial05

MACD EMA (by WJ)

Tutorial05  
Moving Average Convergence / Divergence (MACD)
56
0
macd
NOTE:
// MACD AND EMA CODE TAKEN FROM DEFAULT INDICATOR
// I HAVE ONLY MADE SOME ADJUSTMENTS FOR VISUAL AID
// I MADE THIS FOR MY OWN USE BUT HAVE DECIDED TO PUBLISH AND SHARE IN CASE ANYBODY WANTS TO USE IT

MACD EMA:
  • Bar colour and background colour
  • Buy signal shows when MACD does crossover below 0 line while above EMA (default 200)
  • Sell signal shows when MACD does crossover above 0 line while below EMA (default 200)
  • Alert notifications included
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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