MACDRSI+[pAulseperformance]
Multi-Time Frame realtime non-repainting signals based on modified MACD with secondary confirmation using modified RSI.
IDEA
Taking advantage of the new force_overlay parameter we can now combine multiple oscillators in better ways.
This indicator does just that.
It is a combination of MACD and RSI.
Both of the underlying indicators have been designed to improve trading based on signals that I frequently use during my trading.
The main indicator is the dynamic MACD with realtime multi-time frame divergence.
Candles are highlighted based on the current time frame and price points are marked with lines between the high and low divergent points.
The HTF indication shows up in the table and with a thicker line between the points.
The MACD has two modes.
Scalper: is basic settings on the MACD and will be better suited for intraday trading.
Swing: Will filter the MACD and allow for larger moves to become present.
The RSI is also multi-time frame and shows on the main chart as bands. 90 80 and 70 bands will show with the 80 band showing as highlighted.
These bands will allow you to use the close as the current value of the RSI respective of the bands.
Trading
Look for divergence. Check higher TF align with same trading direction.
In this example we have divergence on two timeframes.
So we could take an entry.
- Added table display to show on Main Chart or Sub-pane.
- Added color themes, size, and position features for table.
- Added RSI bands limit to show last X values to clear noise from chart.
- Added bar limit to reduce computation time of indicator if times out.
- Increased performance and loading time of script substantially.
- Upgraded to Pine Version 6
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact pAulseperformance directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
pinescriptstrategy.com
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact pAulseperformance directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
pinescriptstrategy.com