MACD BeepBoop Indicator

The indicator flags long or blue when the macd histogram value > 0 and above the ema and short or red when the macd histogram value < 0 and below the ema

I have added confirmations in the form of eliminating all bars on the histogram unless they meet the long / short entry conditions two bars in a row

You can customize the length of the ema that determines the long/short entry conditions in the settings

I have also added a yellow highlight to the bar in the chart that you would enter on. You would enter at the open of the bar following the signal bar

Stop Loss would be placed at the nearest pivot point or ATR of your choice

Note - republishing this after taking out original links

릴리즈 노트

updated to remove the link in the source code

오픈 소스 스크립트

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

Monduras