PROTECTED SOURCE SCRIPT
ERAK MACD PRO (Terminal Style)
ERAK MACD PRO | Institutional Terminal Edition 🚀
ERAK MACD PRO V6 is not just a standard MACD indicator; it is a complete trading system designed for professional traders who demand precision, safety, and data clarity.
Inspired by professional trading terminals (like Bloomberg), this V6 edition features a high-contrast "Terminal Dashboard" that provides real-time market MRI, ensuring you never trade against the trend.
🔥 Key Features
1. 📊 Live Terminal Dashboard (Black & White Style)
Located at the top-right of your screen, this professional panel gives you instant confirmation before taking any trade:
• MACD Direction: Shows instant slope changes (Up/Down) with dynamic background colors.
• Main Trend: Automatically detects if the market is BULLISH or BEARISH based on the EMA 200.
• Momentum & RSI: Real-time momentum strength and RSI levels to avoid fake breakouts.
• Design: High-contrast Black Background with White Text for maximum readability in all lighting conditions.
2. 🛡️ Institutional Trend Filters (Whipsaw Protection)
Stop losing money in ranging markets!
• Trend Filter (EMA 200): If enabled, the indicator blocks Buy signals in a downtrend and Sell signals in an uptrend.
• RSI Filter: Prevents buying at overbought levels (>70) or selling at oversold levels (<30).
3. 🧠 Advanced Divergence Engine
• Regular Divergences: Detects potential reversals (Trend Reversals).
• Hidden Divergences: Detects trend continuations (Trend Following).
• All divergences are clearly labeled on the chart.
4. 📉 Auto Trendlines
The indicator automatically draws Support and Resistance trendlines directly on the MACD oscillator, helping you spot breakouts before they happen.
5. 🎨 Fully Customizable Visuals
• Dynamic Colors: MACD line changes color based on slope intensity.
• Custom Lines: You have full control over line width, colors, and signal styles via the settings menu.
✅ How to Use
1. Check the Dashboard: Is the "Main Trend" green (Bullish)? Is the MACD Direction pointing Up?
2. Wait for the Signal: Look for the Green "AL" (Buy) Circle.
3. Confirm with Divergence: A Bullish Divergence label increases the probability of success.
4. Manage Risk: Use the Trend Filter settings to filter out risky signals in choppy markets.
"Trend is your friend, but ERAK MACD is your compass."
ERAK MACD PRO V6 is not just a standard MACD indicator; it is a complete trading system designed for professional traders who demand precision, safety, and data clarity.
Inspired by professional trading terminals (like Bloomberg), this V6 edition features a high-contrast "Terminal Dashboard" that provides real-time market MRI, ensuring you never trade against the trend.
🔥 Key Features
1. 📊 Live Terminal Dashboard (Black & White Style)
Located at the top-right of your screen, this professional panel gives you instant confirmation before taking any trade:
• MACD Direction: Shows instant slope changes (Up/Down) with dynamic background colors.
• Main Trend: Automatically detects if the market is BULLISH or BEARISH based on the EMA 200.
• Momentum & RSI: Real-time momentum strength and RSI levels to avoid fake breakouts.
• Design: High-contrast Black Background with White Text for maximum readability in all lighting conditions.
2. 🛡️ Institutional Trend Filters (Whipsaw Protection)
Stop losing money in ranging markets!
• Trend Filter (EMA 200): If enabled, the indicator blocks Buy signals in a downtrend and Sell signals in an uptrend.
• RSI Filter: Prevents buying at overbought levels (>70) or selling at oversold levels (<30).
3. 🧠 Advanced Divergence Engine
• Regular Divergences: Detects potential reversals (Trend Reversals).
• Hidden Divergences: Detects trend continuations (Trend Following).
• All divergences are clearly labeled on the chart.
4. 📉 Auto Trendlines
The indicator automatically draws Support and Resistance trendlines directly on the MACD oscillator, helping you spot breakouts before they happen.
5. 🎨 Fully Customizable Visuals
• Dynamic Colors: MACD line changes color based on slope intensity.
• Custom Lines: You have full control over line width, colors, and signal styles via the settings menu.
✅ How to Use
1. Check the Dashboard: Is the "Main Trend" green (Bullish)? Is the MACD Direction pointing Up?
2. Wait for the Signal: Look for the Green "AL" (Buy) Circle.
3. Confirm with Divergence: A Bullish Divergence label increases the probability of success.
4. Manage Risk: Use the Trend Filter settings to filter out risky signals in choppy markets.
"Trend is your friend, but ERAK MACD is your compass."
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.