Shizaru

MACD+STOCHASTIC

A simple strategy that use MACD and STOCHASTIC to give buy/sell signal. Use fractals to put stop loss
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.

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Comments

hello, thank you so much for the script. Tested on AUS market stock and it seems to lag behind.
I was using MACD, RSI, and Stochastic seperately on different platform and recently trying to look for indicator which combine all these 3 indicator in 1 simple easy to read, any input will be highly appreciated :) Thank you.
PS: this script exit alert appear few days after the market top and the entry alert appear few days later after market bottom, so it's kind of lagging in the entry/exit. I am mostly on long position (weeks - month) in stock market and viewing on 1HR chart. Any suggestion if this to be use with other indicator to time more accurate entry/exit point? or tweak the setting? Cheers!!
PS: is there a way to add buy/sell signal for easy to read? I noticed sometimes there's a few long/short signal appear at once and another short signal appear soon after, it might put trader into zig zag, thought?
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Fantastic script - Thanks mate
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hi Shizaru, could you show me the way to place this script to the metatrader ? Sorry, i am still a novice. Thank you for your kindness
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