MACD Divergence + MTF EMA Reversal by @DaviddTech

Sep 9, 2021

MACD Divergence + MTF Indicator / EMA by daviddtech
Long :
* Find Divergence in the MACD line
* Multi Time Frame EMA 50 15 minutes above Multi Time Frame EMA 50 60 minutes
* MACD and Signal line are below the 0 line
* MACD crosses above the Signal line

Short :
* Find Divergence in the MACD line
* Multi Time Frame EMA 50 15 minutes below Multi Time Frame EMA 50 60 minutes
* MACD and Signal line are above the 0 line
* MACD crosses below the Signal line

EMA usages instead.
* I found that as a strategy this could work better with the 200 EMA line.
* Trends reversals also gave good results.

Trend Reversals :
* Price is below EMA 200 - Take LONG on divergence.
* Price is above EMA 200 - Take SHORT on divergence.

** You may need to turn off MTF ema when using the Simple EMA 200

WARNING:
- For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE.
- Plots EMAs and other values on chart.
- This script to change bars colors.