ChuckBanger

MAC-Z & MACD Leader signal [ChuckBanger]

This is a combination of my MACD Leader script and MAC-Z with option to add Laguerre filter. The advantage of the MAC-Z over MACD is that it is a more accurate and “assumption-free” indicator that can more accurately describe how a market actually perform. But you can use this as a regular MACD indicator.

Crossovers signals
The MAC-Z line and signal line can be utilized in the same way as a stochastic oscillator, with the crossover between the two lines providing buy and sell signals. As with most crossover strategies, a buy signal comes when the shorter-term, more reactive line – in this case the MAC-Z line (blue line) crosses above the slower signal line (orange line). For example, when the MAC-Z line crosses below the signal line it provides a bearish sell signal.

Zero line crossing
The zero cross strategy is based on either of the lines crossing the zero line. If the MAC-Z crosses the zero line from below, it is a signal for a possible new uptrend, while the MAC-Z crossing from above is a signal that a new downtrend may be starting. This is special powerful if the lines has a fast up or down movement but the price action doesn't reflect that movement.

Divergences
Bearish and bullish divergences is my favorite signals. When price action and oscillators follow the same path it is called Convergences, when they don’t, it’s called a Divergence. Don't confuse the two because they have not the same meaning. But be aware that for example during consolidation or low liquidity, some small divergences between price and indicators might form, but that doesn't mean we should consider them as real divergences.

There is many different types of divergences. It is easier to show a picture then explaining it so I recommend you to check out the link below. Especially the top image. It sums this up very well
https://medium.com/@alchemybottrading/understanding-divergences-for-crypto-trading-6a589d5cf72c

MACD Leader
The MACD leader is only showing the crossing of MACD as a vertical line

MACD Leader:

MAC-Z:

More Information
https://cssanalytics.wordpress.com/2010/05/11/the-relationship-between-the-macd-and-z-score-creating-the-mac-z-score/
https://en.wikipedia.org/wiki/MACD
https://drive.google.com/file/d/1Nr7kfZJ3pwM1meI8qzVBnpjLgzYZUHH1/view?usp=sharing

My free indicators http://bit.ly/2s828h6
For a list of payed indicators: http://bit.ly/2Yr7wI1

Tip jar, if you want to support my free indicators work
BTC: 3EV8QGKK689kToo1r8pZJXbWDqzyJQtHy6
LTC: LRAikFVtnqY2ScJUR2ETJSG4w9t8LcmSdh
오픈 소스 스크립트

이 스크립트의 오써는 참된 트레이딩뷰의 스피릿으로 이 스크립트를 오픈소스로 퍼블리쉬하여 트레이더들로 하여금 이해 및 검증할 수 있도록 하였습니다. 오써를 응원합니다! 스크립트를 무료로 쓸 수 있지만, 다른 퍼블리케이션에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?