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adamhammer2

Highlighter Strategy

adamhammer2  
Moving Average Convergence / Divergence (MACD) color
17
0
macd color
OG BTCUSD

Based on Normalized Smoothed MACD by Dreadblitz

Updated slightly the rules about when it'll take a signal, and made it an overlay so that you see "green" and "red" on the price bar.

Things you might want to do when using it.
- Add a stoploss/trailing stop probably a MA of your choosing.
- Check different time frames to confirm a strong entry

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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