Stochastic MACD

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Stochastic MACD Indicator: Quick Guide
This Pine Script indicator, "Stochastic MACD" (SMACD), blends MACD and Stochastic Oscillator principles to help you spot momentum shifts and potential reversals.

What it Shows:
SMACD Line: Tracks momentum.

Signal Line: Averages the SMACD line, creating crossovers.

Histogram: Visualizes momentum strength, changing color with direction.

Overbought/Oversold Levels: (Default 10 and -10) Help identify stretched market conditions. Adjustable in settings.

Visual Signals (Triangles):
Red Down Arrow (Overbought Signal): Appears when both SMACD and Signal lines are above the Overbought level (default 10) AND SMACD crosses the Signal line upwards. This suggests strong overbought conditions and a potential reversal down.

Green Up Arrow (Oversold Signal): Appears when both SMACD and Signal lines are below the Oversold level (default -10) AND SMACD crosses the Signal line upwards. This suggests potential buying opportunities from oversold conditions and a possible reversal up.

How to Use It:
Confirm Trends: Use the histogram and line directions.

Spot Reversals: Look for the red and green triangles for quick alerts.

Combine: Always use with other analysis like price action or support/resistance.

Important: This is an analytical tool, not financial advice. Trading involves risk.

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Phát hành các Ghi chú

What it Shows:

SMACD Line: Tracks momentum.

Signal Line: Averages the SMACD line, creating crossovers.

Histogram: Visualizes momentum strength, changing color with direction.

Overbought/Oversold Levels: (Default 10 and -10) Help identify stretched market conditions. Adjustable in settings.

Visual Signals (Triangles):

Red Down Arrow (Overbought Signal): Appears when both SMACD and Signal lines are above the Overbought level (default 10) AND SMACD crosses the Signal line upwards. This suggests strong overbought conditions and a potential reversal down.

Green Up Arrow (Oversold Signal): Appears when both SMACD and Signal lines are below the Oversold level (default -10) AND SMACD crosses the Signal line upwards. This suggests potential buying opportunities from oversold conditions and a possible reversal up.

How to Use It:

Confirm Trends: Use the histogram and line directions.

Spot Reversals: Look for the red and green triangles for quick alerts.

Combine: Always use with other analysis like price action or support/resistance.

Important: This is an analytical tool, not financial advice. Trading involves risk.

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Update: Enhanced Control for SMACD Signals!

I've updated my "Stochastic MACD" indicator to give you more precise control. Since TradingView doesn't reliably update plotshape criteria when line levels change, I've separated the inputs.

You now have independent settings for:

Horizontal line levels (for visual reference).

Triangle signal thresholds (for accurate buy/sell alerts).

This ensures your signals always react exactly as intended. Find the new "Signal Thresholds" in the indicator settings.