Jim's MACDMACD Buy/Sell Strategy
Filters bearish crossovers above the 0 line and bullish crossovers below.
Uses 34 ema to further filter the trades and take only longs above and only shorts below.
Apply at least 2:1 risk to reward ratio to account for losing trades.
Trade at own risk!
Macd-v
Dominant Cycle Adaptive MACDThis Indicator is based on classic MACD but with an exceptional smoothing.
This smoothing eliminates the noise of the classic MACD as you see in the Chart
Adaptive MACD is compiled using with two adaptive moving averages, one adaptive to the dominant cycle and the other adaptive to twice the dominant cycle. As the basic behind the MACD is the difference of two moving averages we cannot find much difference between the conventional MACD (12, 26) and the adaptive MACD. However the adaptive MACD is less prone for less whipsaws and it catches the trends very well at the same time the catches the turning points in time. The Adaptive MACD is definite one notch better than the conventional MACD.
Dominant Cycle Period is calculated using Ehler's Method {Mentioned in the code}
This is how the Adaptiveness Impacts the Price Chart
1. (12, 26 EMA) VS Adaptive Dominant Cycle EMA
2. See how the Adaptive Lengths {both FastLength and SlowLength changes with time!}
Enjoy!
Volume Weighted MACD with Named PlotsLiterally just copied VWMACD but named the plot lines to make setting alerts more clear.
The WWG Plan Indicator V2█ OVERALL
This indicator was specifically created for the Walsh Wealth Group.
In short it is a fusion of some of the most basic and widely used indicators to show overbought patterns and trend reversals.
Its best usage is with LTF scalping and agressive profit taking but can also be used to find HTF dips and buy-zones.
█ FEATURES
Buy Signal (Buy):
Printed only with all confirmations triggered
Small Buy Signal (B1 & B2)
Printed if some of the confirmations are triggered and can be treated as DCA entries or for further
confirmation with other indicators and basic TA.
Crayons (Color Bars):
Blue: RSI is oversold
Olive: RSI and Stoch RSI are oversold
Yellow: RSI, Stoch RSI are oversold and lower Bollinger Bands are crossed by Low
Orange: RSI, Stoch RSI and CCI are oversold
Trailing SL:
If activated in the config, a trailing SL can be displayed on the chart based on ATR.
█ SETTINGS
The underlying indicators used are RSI, Stoch RSI, Bollinger Bands, MACD and CCI.
All possible configs can be changed in the config settings.
█ GENERAL INFORMATION
Depending on the settings, the indicator performance will be highly affected.
This indicator is only displaying highly oversold areas and events of trend reversal it is not a *God*-Signal and will print false positives.
█ ALERTS
An alert for the main buy-signal is implemented and can be used via the TV alert functionality.
MACD 50x Leveraged Strategy Real Equity Simulation Hello, I wrote this script to merge the two scripts I shared before.
The aim here is to see the real value of the state of the capital as a result of leveraged transactions and to combine both long and short directions.
Scripts :
MACD Long 50x Leverage Strategy :
MACD Short 50x Leverage Strategy :
The parameters have not changed so they are the same as the previous two scripts:
Adding margin: Forbidden or not specified. (Add Margin : No)
Position Size : %1 (0.01) (For each trade)
Stop-Loss : %2 (For each trade)
Long : Crossover(delta,0) (Standard MACD)
Long Exit : Long Stop Level or Short Entry
(In the case of Long Stop, all trades are closed and no positions are opened in short direction.)
Short : Crossunder(delta,0) (Standard MACD)
Short Exit : Short Stop or Long Entry
(In the case of Short Stop, all trades are closed and no positions are opened in the long direction.)
NOTE :
This is a simulation made using standard parameters, showing the state of the balance in very simple rules with leveraged transactions only.
The nice thing here is the direct observation of the results by making modifications on the strategy parameters.
Regards.
EMA Cross and MACD Signal CombinedThe rule is simple.
When MACD crosses up, it is supposed to give a buy signal. However, before entering into a Long position, there is a need for a confirmation. This confirmation can be from a down trendline breakout or from another indicator.
In this case, I've chosen the Exponential Moving Average Cross to be as the confirmation.
The Buy Signal will appear when there it fulfills the following conditions:-
i. The MACD line is above the Signal Line
ii. The fast EMA crosses the Slow EMA
The Sell signal will appears when the opposite of the above condition is met.
This indicator is meant for the Swing Trader whom would like to hold a position for a long time.
RSI of MACD Strategy [Long only]This strategy uses the RSI on MACD indicator.
BUY
====
When RSI indicator crossing over 30 or 35 line and price above slow ema
Note: when the position already taken, you may reenter on the purple candle
Partial Exit
==========
Partial profit taking option is available in settings. If this is selected , 1/3 position exited when RSI indicator crossing down 80 line
Close
=====
When RSI indicator crossing below 15
Stop Loss
=========
I havent used hard stop loss in this strategy. Reason is , when price going down , indicator may go up ... so just wanted to ride along with indicator ...
Stop loss mentioned in the settings is used in calculation of how many units can be be purchased based on risk level
Tested with SPY and QQQ ETFs on hourly chart
Warning
=========
For the eductional purposes only ...
This is not a financial advise. please do your own research before taking any trading decission
MACD including 6-period Forecast and Divergences█ OVERVIEW
This is my personal interpretation of the classic MACD Indicator. I am using the MACD as part of my analysis, and often I was wondering when I can expect the next signal (e.g. a Histogram cross). As I had come across some EMA forecast logics on tradingview, my goal was to use the EMA forecast calculation as basis to come to a complete MACD forecast. Here is the result.
Starting point is the classic MACD which is then plotted with MACD-Line, Signal Line and Histogram. In addition to the classic MACD, a 6 period Forecast for MACD, Signal and Histogram is available and divergences can be displayed on either the Histogram or the MACD Line.
Important:
As I am considering the closing price of the current candle as the basis for the calculation, the forecast values will REPAINT. But in my opinion this is fine as this indicator will not provide direct trading signals, but more an outlook into a potential future.
█ CALCULATION LOGIC
Below some details regarding the additional functionalities:
MACD Forecast:
The MACD Forecast is mainly based on a combination of EMA Forecasts. The inspiration for this basic forecast calculation is taken from the below tradingview members:
--> EMA Forecast input taken from "Triple MA Forecast" by yatrader2
--> Forecast Bias input taken from "Fancy Bollinger Bands" by BigBitsIO
When showing the forecast, the following options are available:
- Forecast Type: Determines if the Forecast is assuming a Flat price (last values of the MA calculation are replaced by current value) or if a Linear Regression is taken
- Number of candles taken for Linear Regression Calculation
- Bias of Forecast (Based on the recent Average True Range, the forecast values are either more bullish or more bearish calculated. "Neutral" turns off this function)
- Number of ATR Periods used to calculate Bias adjustment value
- Possibility to weight the Bias via a Multiplier - Default value is 1
Based on the above inputs, the forecasted values for MACD, Signal Line and Histogram are calculated and plotted for the next 6 periods.
Divergence Detection:
Based on the default tradingview divergence script with some adjustments:
- User can select to use either Histogram or MACD Line as basis for Divergence detection (Histogram by default)
- User can select if Divergence detection should be based on the candles including Wicks or only the Candle Bodies (Wicks by default)
█ DISCLAIMER
This is an experimental indicator and I do not know if my theory works in real life. So treat this not as financial advise, but purely for entertainment and educational purposes.
I publish this code open so that everyone can re-use it or hopefully even improve it.
Let me know if you have any ideas for improvement and if it is within my coding capabilities (which to be honest are quite limited), I will try to accomodate it.
Have fun.
Better OBVOBV with William C. Garrett's Approximation
In the classical OBV (On-Balance Volume) indicator, it simply takes the idea from traditional tape reading - treat the "up tick" as Buy, "down tick" as Sell, and it assumes no change in price as neutral* (*which is not the case in tape reading).
When it comes to interpret the daily volume as such, errors will add up cumulatively. For example, there are days when a Doji Star with high volume just merely one cent higher than yesterday price and the whole day volume would be taken as a BUY Volume....
Here is a gentlemen, William C. Garrett, attempted to break down the daily volume into two parts in his book - "Torque Analysis of Stock Market Cycle".
Published indicator has two modes: Cumulative and Time Segmented. Time Segmented Volume (TSV) - performs a MACD operation on the Garrett Money Flow.
Note on Divergence:
When using a indicator as Time Segmented Money Flow, divergence would surely occur on and off. This is where Wyckoff 3rd principle comes into play - "Effort vs Result" that is not matching. Meaning that the cumulation of shares goes in one direction while the price goes another direction.
MACD Seasons by Dr Ken Longthis specific Moving Average Divergence Convergence Seasons Indicator is made by Dr Ken Long Tortoise Capital brings a unique way of the flow of the market, the 4 seasons are used to describe the areas of the MACD so for example when the area is below zero and hasn't crossed the EMA 5 we call that winter which is very bear bias, once you get support in winter and crosses above the EMA 5 we call that fall which is the first indication of support for price and some weakness toward the downside. if the MACD is above the zero line we call that summer which is a very bull bias valued area, and once it crosses below the EMA 5 then that's where we call fall mode showing us weakness and very slight indication of a possible reversal. the MACD can be both used for swing trade and day trading, it provides a unique insight to the markets showing the layers of a trend using seasons.
MACD with Lines - ChartWhat is MACD with Lines - Chart and why do you need it?
I use it for chart analysis to identify key macd /signal levels from which bullish / bearish market structure continues to develop.
Chart means that every Macd /Signal cross above/below the signal lines will be notified on your Chart and not on your MACD Indicator. To see them on your chart please choose "MACD with Lines - Default" in my library.
Once Signal, Macd or the Histogramm cross over or under your upper or lower signal line you will see background colors which you can adjust in the settings menu.
This small indicator is for a larger project which will be uploaded in several days/weeks.
MACD with Lines - DefaultWhat is MACD with Lines - Default and why do you need it?
I use it for chart analysis to identify key macd/signal levels from which bullish/bearish market structure continues to develop.
Default means that every Macd/Signal cross above/below the signal lines will be notified on your MACD Indicator and not on your chart. To see them on your chart please choose "MACD with Lines - Chart" in my library.
Once Signal,Macd or the Histogramm cross over or under your upper or lower signal line you will see background colors which you can adjust in the settings menu.
This small indicator is for a larger project which will be uploaded in several days/weeks.
Combo Backtest 123 Reversal & MACD Crossover with Trail and Stop
This is a modification of @HPotter "Combo Backtest 123 Reversal & MACD Crossover" script.
I've added a trail stop, basic leverage simulation and stop loss.
Below is HPotter's explanation of the script principals.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
MACD – Moving Average Convergence Divergence. The MACD is calculated
by subtracting a 26-day moving average of a security's price from a
12-day moving average of its price. The result is an indicator that
oscillates above and below zero. When the MACD is above zero, it means
the 12-day moving average is higher than the 26-day moving average.
This is bullish as it shows that current expectations (i.e., the 12-day
moving average) are more bullish than previous expectations (i.e., the
26-day average). This implies a bullish , or upward, shift in the supply/demand
lines. When the MACD falls below zero, it means that the 12-day moving average
is less than the 26-day moving average, implying a bearish shift in the
supply/demand lines.
A 9-day moving average of the MACD (not of the security's price) is usually
plotted on top of the MACD indicator. This line is referred to as the "signal"
line. The signal line anticipates the convergence of the two moving averages
(i.e., the movement of the MACD toward the zero line).
Let's consider the rational behind this technique. The MACD is the difference
between two moving averages of price. When the shorter-term moving average rises
above the longer-term moving average (i.e., the MACD rises above zero), it means
that investor expectations are becoming more bullish (i.e., there has been an
upward shift in the supply/demand lines). By plotting a 9-day moving average of
the MACD , we can see the changing of expectations (i.e., the shifting of the
supply/demand lines) as they occur.
WARNING:
- For purpose educate only
- This script to change bars colors.
MACD classic strategy setupsetup for a classic MACD strategy with some filter to choose.
it keep the default setup of MACD because is the most popular.
it place the stop loss and take profit based on the trading rush video of MACD, if you want a different profict factor you can change until to reach 3, over this as a fixed risk reward don't have so much sense
MACD Crossover Strategy with EMA200 Trend DetectionSimple MACD Strategy Indicator.
Rules:
- MACD Crossover with Signal Line
If
- MACD Crossover above zero line
- Price is below EMA200
=> Sell
If
- MACD Crossover below zero line (buy)
- Price is above EMA200
=> Buy
CT Reverse MACD CrossIntroducing the Reverse MACD Cross
MACD.... short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s.
It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.
Prior work by Johny Dough showed how we can compute the price level required to make the MACD stay at its current level,
and also how to compute the price level required for the MACD to cross the zero line.
I have brought that idea to it logical conclusion for the MACD by creating a new function which also computes the price level required to cross the MACD with its signal line.
This allows the user to quickly see all of the most relevant information from the MACD and the actual price levels where the indicator will change its posture.
The MACD indicator (or "oscillator") is a collection of three time series calculated from historical price data, most often the closing price.
These three series are:
the MACD series proper shown here in blue
the "Signal Line" or "average" series shown here in red
the "Divergence" series which is the difference between the two shown here as a histogram.
There is also usually a baseline set at zero.
The MACD series is the difference between a "fast" (short period) exponential moving average (EMA), and a "slow" (longer period) EMA of the price series.
The average series (signal line) is an EMA of the MACD series itself.
The MACD indicator thus depends on three parameters, namely the time periods of the three EMAs.
The notation "MACD ( a, b, c )" usually denotes the standard indicator where the MACD series is the difference of EMAs with characteristic times a and b, and the average series is an EMA of the MACD series with characteristic time c.
There is an infobox which displays...
Whether the MACD is falling or rising
the price level which will make the MACD to change from rising to falling or vice versa
the price level which will cause the MACD to cross the signal line
the price level which will cause the MACD to cross the zero line
The most commonly used values are 12 for the fast, 26 for the slow, and 9 for the signal line, that is, MACD ( 12, 26, 9 ) .
The MACD and average series are customarily displayed as continuous lines in a plot whose horizontal axis is time oscillating above and below a zero line, whereas the divergence is commonly shown as a bar graph / histogram.
A fast EMA responds more quickly than a slow EMA to recent changes in a stock's price.
By comparing EMAs of different periods, the MACD series can indicate changes in the trend of a stock.
It is claimed that the divergence series can reveal subtle shifts in the stock's trend.
Since the MACD is based on moving averages, it is a lagging indicator. As a future metric of price trends, the MACD is less useful for stocks that are not trending (trading in a range) or are trading with unpredictable price action.
Pure Volume Divergence [NeoButane]PVD: MACD with volume as source.
Options to configure:
OBV, PVT, or MFI as source
Display PVD or a faux zero-based oscillating CVD
rocketLaunchI wanted to see if I could programmatically identify the conditions I saw just before Bitcoin broke its all-time high end of 2020. The signal picks up several rocket launch moments prior to launching which is quite cool. It also picks up a few false starts, however. In any case, I would have loved to be stopped out on those false starts but been there for all the starts this thing picks up.
It could probably use more confirmatory elements such as trailing conditions and volume perhaps?
BINANCE:BTCUSDTPERP
RedK_xMACD: Extending the classic MACD with a simple filterThis is a simple concept that attempts to squeeze more price action insights from the classic MACD
we add a 3rd (longer length, slower) Moving Average line that acts as a trend filter - so whenever we are ("we" = the price and the 2 other MAs) are above that filter line, we consider ourselves to be in the up-trend territory, and vica versa .. so the MACD calculation here - that is represented by the main (reg/green) line in the plot - will represent the distance between the slow MA and the filter MA - when that MACD line crosses the zero axis up or down, that represents the trand reversing from one direction to the other.
A signal line (a smoothed version of that MACD line) is still added for 2 reasons
1 - the signal line makes it easy to see if an eminent trend reversal is to be expected
2 - to stay visually-consistent with the classic MACD :)
the distance (or delta) between the other 2 MAs continues to reflect an indication of the short-term momentum and is what the histogram represents.
we still have the benefit of the convergence/diversion between the price itself and the histogram similar to the classic MACD
this MACD version will also clearly show how price and momentum action will lead the trend -- i know that's a big discussion topic :)
i added a classic MACD at the bottom panel, and used the same length settings (fast / slow) for side-by-side comparison
i coded this when i found that i use 3 moving averages all the time during my chart analysis, and while i'm a big fan of the classic MACD, i wanted to find a simple way to get my MACD to reflect what the 3 MAs on the price chart show. turned out to be insightful - i hope other fellow traders may find this useful
the code is simple and i started it from the built-in MACD in TradingView. Other annotations are added to the chart here as i believe this will better explain how the eXtended MACD works
- there are 4 reversals that occur in that chart, and i chose to show one in step-by-step fashion.
if more explanation is needed to how this can be used, pls let me know in the comments.
