MACD + PSAR Setup

2021년 3월 28일

This indicator combines 3 elements:-
1. MACD which will act as a source of potential Buy Signal
2. PSAR which provides the confirmation for buy signal and for potential Buy on Dip Strategy
3. Breakout candles which provides the confirmation signal for Buy on Breakout strategy
4. The direction of the trend is provided by the Exponential Moving Average

The strategy is to have any counters which has triggered the MACD Golden Cross signal. These counters are to be out under watchlist for further confirmation.

The Buy Signal is confirmed when:-
1. Price is above EMA Direction(standard is set at 200)
2. PSAR has given the Buy Signal OR a Breakout Candle occurs.

Buy Signal is shown with a Green Diamond symbol whilst the Sell Signal is shown in Red Diamond Symbol.
The bullish and bearish condition is set via a green and red background

The MACD and PSAR codes are derived from the standard codes which is available in tradingview.

2022년 4월 24일

릴리즈 노트

Updated to include alerts.

You can now add alerts using this indicator.