I developed this script to analyse MACD, MACD Signal, MACD Histogram movements by using current and higher time frame. Script calculates higher time frame automatically, no manuel entry. I also added trailing stop loss line. You can change the parameters as you wish ;)
btw. you should know that MACD is more successful when there is trend.
If you like it please comment and check out my other scripts.
Release Notes
A few corrections in the code.
Release Notes
a few improvements and made optional trailing stop loss line optional.
Release Notes
upgraded.
many users asking the source code, here it's, you can use it as you wish
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.
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.