OPEN-SOURCE SCRIPT

Highlighter Strategy

OG BTCUSD

Based on Normalized Smoothed MACD by Dreadblitz

Updated slightly the rules about when it'll take a signal, and made it an overlay so that you see "green" and "red" on the price bar.

Things you might want to do when using it.
- Add a stoploss/trailing stop probably a MA of your choosing.
- Check different time frames to confirm a strong entry

colorMoving Average Convergence / Divergence (MACD)

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer