MACD Enhanced System MTF with optional TSL and Alerts [LTB] — Indicator by LonesomeTheBlue

macd volatility trendanalysis mtf alerts strategy

This script is developed to analyse MACD, MACD Signal, MACD Histogram movements by using current and higher time frame. Script calculates higher time frame automatically, no manuel entry. there is trailing stop loss line that is optional.

You can change the parameters as you wish.

btw. you should know that MACD is more successful when there is a trend.

I already shared this as a strategy script. Some ppl wanted to see the code.
You might want to see strategy test =>

MACD Enhanced Strategy MTF with Stop Loss [LTB]

by LonesomeTheBlue

Release Notes:

Stop Loss Line removed.

Release Notes:

Fix for repainting issue and higher time frame correction for weekly chart

www.youtube.com/@lonesometheblue/videos

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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