MACD/ATR
This indicator is a restricted MACD.
I reached this with a little trick: I devided it by ATR. This way it is most of the time inside the -1..1 range. It depends on the length of the ATR's period. If it is greater, the probability of outliers is greater.
With this indicator you can use cerain levels of MACD and its histogram as a trigger.
Share with me if you found it useful.
I reached this with a little trick: I devided it by ATR. This way it is most of the time inside the -1..1 range. It depends on the length of the ATR's period. If it is greater, the probability of outliers is greater.
With this indicator you can use cerain levels of MACD and its histogram as a trigger.
Share with me if you found it useful.
PyneCore ( pynecore.org ) - open-source Python framework with Pine Script compatibility.
PyneComp ( pynesys.io ) - deterministic Pine Script compiler to Python
Trading Myth Busting ( youtube.com/playlist?list=PLQof9krQGr-g )
PyneComp ( pynesys.io ) - deterministic Pine Script compiler to Python
Trading Myth Busting ( youtube.com/playlist?list=PLQof9krQGr-g )
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
PyneCore ( pynecore.org ) - open-source Python framework with Pine Script compatibility.
PyneComp ( pynesys.io ) - deterministic Pine Script compiler to Python
Trading Myth Busting ( youtube.com/playlist?list=PLQof9krQGr-g )
PyneComp ( pynesys.io ) - deterministic Pine Script compiler to Python
Trading Myth Busting ( youtube.com/playlist?list=PLQof9krQGr-g )
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.