Double MACD Buy and Sell — Indicator by Dreadblitz

macd oscillator divergence atlas choppinessindex buy sell strategy bullish

Indicator for strategy that was used in a Forex competition and was a winner. Use double MACD with custom settings, search video on YouTube:

Learn Five Powerful MACD Trading Strategies

Add some tools to analyze the market context a little more:

- Detector of regular and hidden divergences.
- Atlas Zone (detects consolidation that is about to generate a movement)
- Choppines zone configurable (detects if the market is stable or not)

Visualization of entries in trend and counter-trend according to the rules described in the video.
Buy and sell alerts.

Note: I do not recommend using only this indicator as an investment strategy, it is another tool that must be complemented with a market study by the trader.

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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