MACD Threshold Crossover v2.0 Trend Filter

This is a script to bring 'Buy' and 'Sell' signals, which can also be used for alerts, for when the MACD fast and slow lines cross.

A 'Buy' signal prints when the fast MACD crosses above the slow MACD (a distance of at least 0.00003), whilst being below the MACD 0 level (w/ 0.00015 margin).

A 'Sell' signal prints when the fast MACD crosses below the slow MACD (a distance of at least -0.00003) whilst being above the MACD 0 level (w/ 0.00015 margin).

Furthermore Buy signals are only valid if candle closes above the 200EMA. Likewise Sell signals are only valid if candle closes below the 200 EMA, and all other conditions are met.

Notes de version

Was a small bug where if a 'Sell' crossover took place above the 200EMA, and then price moved below the 200EMA several candles later, a Sell trigger would print.

This has been corrected so we're only triggered by crossovers that take place on the correct side of the EMA, at the time of the crossover

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

WellmanApex

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Script open-source

WellmanApex