MACD Moving Average Convergence/Divergence - DurbtradeDurbtrade MACD - macd line changes color based on vertical direction. This makes it easier to see and discern movements and also helps the indicator to retain maximum functionality when taking up less chart real estate (also, having the color change really helps me see charts on small screens... such as when it's bright outside and I'm driving in my car and glancing at a chart on my phone... it helps having the info pop visually). A fill option is included to fill the space between the macd and signal lines, though I personally prefer to disable this function. Also, you get a zero line if you want it, and it doesn't extend past the current time, removing unnecessary info and keeping your chart looking a bit cleaner. Finally, there are color-coded, cross-over and cross-under background fills, signaling when the macd line crosses the signal line.
This is my 2nd published script, and 2nd script ever. If you like this style, see my 1st published script: Durbtrade Bollinger Bands Width.
Hope you find this useful.
Feel free to comment. Indicator
Bollinger Bands strategy with RSI and MACD v1.0 This is a strategy based on the Bollinger Bands, where buy trades are made when the price crosses the lower line of the Bollinger Bands upwards, and sell trades are made when the price crosses the upper line downwards.
In addition, it is possible through the inputs to enable trading with RSI and MACD, so that buy or sell trades are supported by these two indicators.
Trades are partially and fully closed in the following way, a buy trade will close half of the position when the price touches the middle line of the Bollinger bands and will be fully closed when the price touches the upper band. In the case of a sell position, half of the position will be closed if the price touches the middle band and the entire position will be closed when the price touches the lower band. Alternatively, a fixed take profit can be placed. In case the price moves against us, trailing stops can be placed.
In case of selecting to use RSI, MACD, or MACD variation, trades will be executed as long as The Bollinger Bands, and all the above-mentioned indicators give the same signals, either buy or sell.
For example in the case of selecting only Use RSI, buy trades would be made as long as RSI and BB give buy signals.
Strategy inputs:
-BB source: Bollinger Bands price source.
-Bollinger Bands SMA length: Bollinger Bands simple moving average length.
-Bollinger Bands StdDev length: Bollinger Bands standard deviation length.
-Trail Long Loss (%): Distance in percentage at which the stop loss will initially be placed for buy trades.
-Trail Short Loss (%): Distance in percentage at which the stop loss will be initially placed for sell trades.
-Maximum orders: Maximum of simultaneous operations, for example, if it is 3, up to 3 parallel operations of buy and up to 3 parallel operations of sell will be carried out.
-Position size: Number of contracts per trade.
-Use RSI: If selected, the strategy will also trade based on oversold or overbought signals provided by the RSI.
-RSI source: RSI price source.
-RSI period: The RSI period to use.
-RSI value for buy: If the RSI is below this value, it will give a buy signal.
-RSI value for sell: If the RSI value is above this value, it will give a sell signal.
-Use MACD: If selected, buy trades will be made when the MACD crosses 0 upwards, and sell trades will be made when the MACD crosses 0 downwards.
-Use MACD variation: Only available if MACD is previously selected. In this case, buy trades are made if the MACD value in the last 3 candles has been decreasing, and sell trades are made if the MACD value has been increasing.
-MACD source: MACD price source.
-MACD fast length: MACD fast EMA lenght.
-MACD slow length: MACD slow EMA lenght.
-MACD signal length: MACD signal EMA lenght.
-Use maximum TP long: If selected, a fixed take profit will be placed for buy trades. The position could be closed before reaching this take profit if the price touches one of the lower or upper lines first.
-Maximum take profit long (%): Distance in percentage at which the take profit will be placed for buy trades.
-Use maximum TP short: if selected, a fixed take profit will be placed for sell trades. The position could be closed before reaching this take profit if the price touches one of the lower or upper lines first.
-Maximum take profit short (%): Distance in percentage at which the take profit will be set for sell trades.
I hope you like it and as always all feedback is welcome.
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MACD oscillator with EMA alert version 4HThis is the study/indicator alert version of the macd + ema strategy.
The strategy details are the following :
Is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average.
Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes.
It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years.
As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ, NIFTY etc), forex( GBPUSD ), stocks and so on.
Components:
MACD
EMA
Time condition
Long/short option
For long/exit short we enter when we are above the ema , histogram is positive and current candle is higher than previous.
For short /exit long , when close below ema , histo negative and current candles smaller than previous
If you have any questions please let me know ! Indicator
MACD oscillator with EMA strategy 4H This is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average.
Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes.
It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years.
As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ,NIFTY etc), forex(GBPUSD), stocks and so on.
Components:
MACD
EMA
Time condition
Long/short option
For long/exit short we enter when we are above the ema, histogram is positive and current candle is higher than previous.
For short /exit long , when close below ema, histo negative and current candles smaller than previous
If you have any questions please let me know ! Strategy
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MACD Crossover trend strategy, Long and ShortHey everybody,
This is my first strategy and script I wrote mostly myself. There's tons of content out there to learn how to code in Pinescript and it's exactly what I wanted and needed in this time of my life.
In any case, I made a rather simple MACD crossover strategy that only takes trades in the direction of both EMA and SMA (there are inputs to change the length of the moving averages and lots of other stuff too).
If the MACD line crosses upwards on the signal line, while above the zero point of the histogram and the price is above EMA + SMA , it's a long signal.
If the MACD line cosses downards on the signal line, while below zero on the histogram and the price is below EMA + SMA , it's a short signal.
There are a lot of default variables that make no sense, for basically any symbol you're going to be looking at. You're going to have to adjust the EMA , SMA , backtest date, take profit, stop loss and all that good stuff yourself to find decently profitable parameters.
I made this myself because I couldn't really find a strategy out there that allowed for so much customizing and it's an easy way to get started in Pinescript.
If you have any suggestions, tips or you see a flatout mistake in my code, please let me know. I'm still learning, everyday and I'm enjoying every second of it. Strategy
Momentum Strategy (BTC/USDT; 1h) - MACD (with source code)Good morning traders.
It's been a while from my last publication of a strategy and today I want to share with you this small piece of script that showed quite interesting result across bitcoin and other altcoins.
The macd indicator is an indicator built on the difference between a fast moving average and a slow moving average: this difference is generally plottted with a blue line while the orange line is simply a moving average computed on this difference.
Usually this indicator is used in technical analysis for getting signals of buy and sell respectively when the macd crosses above or under its moving average: it means that the distance of the fast moving average (the most responsive one) from the slower one is getting lower than what it-used-to-be in the period considered: this could anticipate a cross of the two moving averages and you want to anticipate this potential trend reversal by opening a long position
Of course the workflow is specularly the same for opening short positions (or closing long positions)
What this strategy does is simply considering the moving average computed on macd and applying a linear regression on it: in this way, even though the signal can be sligthly delayed, you reduce noise plotting a smooth curve.
Then, it simply checks the maximums and the minimums of this curve detecting whenever the changes of the values start to be negative or positive, so it opens a short position (closes long) on the maximum on this curve and it opens a long position (closes short) on the minimum.
Of course, I set an option for using this strategy in a conventional way working on the crosses between macd and its moving average. Alternatively you can use this workflow if you prefer.
In conclusion, you can use a tons of moving averages: I made a function in pine in order to allw you to use any moving average you want for the two moving averages on which the macd is based or for the moving average computed on the macd
PLEASE, BE AWARE THAT THIS TRADING STRATEGY DOES NOT GUARANTEE ANY KIND OF SUCCESS IN ADVANCE. YOU ARE THE ONE AND ONLY RESPONSIBLE OF YOUR OWN DECISIONS, I DON'T TAKE ANY RESPONSIBILITY ASSOCIATED WITH THEM. IF YOU RUN THIS STRATEGY YOU ACCEPT THE POSSIBILITY OF LOOSING MONEY, ALL OF MY PUBBLICATIONS ARE SUPPOSED TO BE JUST FOR EDUCATIONAL PURPOSES.
IT IS AT YOUR OWN RISK WHETHER TO USE IT OR NOT
But if you make money out of this, please consider to buy me a beer 😜
Happy Trading! Strategy
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