OPEN-SOURCE SCRIPT
WELZY MAC
MACD + 50 EMA + 1H Engulfing Strategy
A trend-following strategy combining daily/weekly MACD and 50 EMA for direction, with 1H engulfing candles and volume spikes for precise entries.
Buy: Daily/Weekly MACD > 0, price > daily 50 EMA, 1H bullish engulfing, volume > 20 EMA.
Sell: Daily/Weekly MACD < 0, price < daily 50 EMA, 1H bearish engulfing, volume > 20 EMA.
Works on XAU/USD, forex pairs, and indices. Best on 1H charts—green triangles for buy, red for sell.
A trend-following strategy combining daily/weekly MACD and 50 EMA for direction, with 1H engulfing candles and volume spikes for precise entries.
Buy: Daily/Weekly MACD > 0, price > daily 50 EMA, 1H bullish engulfing, volume > 20 EMA.
Sell: Daily/Weekly MACD < 0, price < daily 50 EMA, 1H bearish engulfing, volume > 20 EMA.
Works on XAU/USD, forex pairs, and indices. Best on 1H charts—green triangles for buy, red for sell.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.