Simple Macd Momentum Reversal Indicator

14 thg 5, 2021

This Simple indicator uses the MACD history to check trend reversals. It primarily check if the histogram has moved up from a downtrend above a certain margin. If it has, it places a green B on the chart. If you were to use/improve this indicator, please use it with other indicators to confirm your position. This is NOT an indicator that can be well used alone.

17 thg 5, 2021

Phát hành các Ghi chú

I have changed the verification requirements a bit, so that it is a bit more consistent and accurate.
The Indicator is now a '^' instead of a 'B'

Enjoy!

17 thg 5, 2021

Phát hành các Ghi chú

Got rid of useless variables in the pine script and change some names to make it easier to read and understand.
Changed the color of the '^' buy character from the he code '#7FFF00' to the color 'color.lime'.

Enjoy and add any suggestions in the comments!