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MACD with Demand and Supply with MACD Values

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๐Ÿ“Š Summary of Indicator: MACD with Demand & Supply
๐Ÿ”น Indicator Name: MACD with Demand and Supply with MACD Values
๐Ÿ”น Use for: Demand/Supply analysis On support resistance with MACD data ๐Ÿ“ˆ
โœ… Indicator working principle
1๏ธโƒฃ ๐Ÿ“Š Calculate MACD (Moving Average Convergence Divergence)
2๏ธโƒฃ ๐Ÿ“Œ Calculate support and resistance
โœ… Display support as a green line and resistance as a red line
3๏ธโƒฃ โš–๏ธ Calculate Demand & Supply according to MACD values
โœ… Use MACD values โ€‹โ€‹to show the trend of Demand and Supply in the market
4๏ธโƒฃ ๐Ÿ“Š Calculate Volume on support and resistance
โœ… View the Volume value that occurs on support (Volume at Support)
โœ… View the Volume value that occurs on resistance (Volume at Resistance)
5๏ธโƒฃ ๐Ÿ“ˆ Calculate the strength of the trend (Strong Trend)
โœ… Threshold = 0.5 (adjustable)
โœ… Strong Trend Up โ†’ MACD Histogram > Threshold & MACD Line cuts above the Signal Line
โœ… Strong Trend Down โ†’ MACD Histogram < -Threshold & MACD Line cuts below Signal Line
6๏ธโƒฃ ๐Ÿท๏ธ Displays Demand, Supply and Market Trend values โ€‹โ€‹via Label
โœ… Demand Label (๐ŸŸข) โ†’ Displays Real Demand, MACD, Support, Volume Support
โœ… Supply Label (๐Ÿ”ด) โ†’ Displays Real Supply, MACD, Resistance, Volume Resistance
โœ… Strong Up Label (๐ŸŸข) โ†’ Displays "STRONG UP" when an uptrend signal is found
โœ… Strong Down Label (๐Ÿ”ด) โ†’ Displays "STRONG DOWN" when a downtrend signal is found
๐ŸŽฏ Usage
โœ”๏ธ Suitable for traders who want to use MACD + Demand/Supply
โœ”๏ธ Use Support/Resistance with Volume to see the market's strengths
โœ”๏ธ Use MACD Histogram to confirm the trend Before Buy/Sell
โœ”๏ธ You can adjust Threshold to increase the accuracy of Strong Trend Signal
๐Ÿš€ This indicator helps you analyze the market more accurately with MACD + Demand & Supply! ๐Ÿ’ฐ

This indicator works on
#crypto #forex #gold and all assets.

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