[blackcat] L3 Magic-9 Sequential MACD

4월 19일

OVERVIEW
The [blackcat] L3 Magic-9 Sequential MACD indicator is an advanced tool designed to enhance the traditional Moving Average Convergence Divergence (MACD) by incorporating sequential patterns. This script calculates various MACD components and applies custom logic to identify potential buy and sell signals based on specific sequential conditions 📊💹.

FEATURES

Calculates MACD Line, Signal Line, and enhanced histogram.
Plots colored histograms to visualize differences between MACD line and signal line:
Positive histogram bars indicate bullish momentum.
Negative histogram bars indicate bearish momentum.
Identifies sequential patterns in the MACD line for generating buy ('Buy') and sell ('Sell') signals 🏷️.
Adds numerical labels (e.g., '5', '6', '7', etc.) to mark specific sequential conditions.
Supports customizable colors and styles for plotted elements ⚙️.
Generates alerts for identified sequential patterns 🔔.
HOW TO USE

Add the indicator to your TradingView chart by selecting it from the indicators list.
Adjust the input parameters for Fast Length, Slow Length, and Signal Length.
Monitor the chart for labeled buy/sell signals and numerical markers indicating sequential patterns.
Set up alerts based on the generated signals to receive notifications when conditions are met 📲.
Use the indicator alongside other technical analysis tools for better decision-making.
LIMITATIONS

The effectiveness of sequential patterns may vary depending on market conditions.
False signals can occur in highly volatile or ranging markets 🌪️.
Users should always confirm signals with other forms of analysis before entering trades.
NOTES

Ensure that you have sufficient historical data available for accurate MACD calculations.
Test the indicator thoroughly on demo accounts before applying it to live trading 🔍.
Customize the appearance of the plotted elements as needed to suit your chart layout.

4월 22일

릴리즈 노트

OVERVIEW

This indicator merges the Magic-9 Sequential pattern recognition system with MACD analysis to create a comprehensive trading tool. It combines cycle detection from John F. Ehlers' methods with MACD's momentum measurement to identify both trend direction and strength. The script generates visual alerts for sequential price patterns while overlaying MACD data for confirmation.

CORE FUNCTIONALITY
The algorithm operates on two primary axes:

MACD Analysis

Calculates standard MACD lines using customizable periods (default: 12/26/9)
Enhances histogram visualization with directional coloring
Adds confidence layer through line thickness variation
Pattern Recognition

Detects sequential occurrences of MACD line behavior
Visualizes numeric identifiers for recognized sequences
Generates BUY/SELL labels at critical transition points
UNIQUE FEATURES
✅ Dual Confirmation System:

MACD histograms provide immediate momentum insights
Sequential numbers highlight established trends
Labels confirm valid trade setups
✅ Dynamic Coloring Scheme:

Green/Red labels match MACD histogram colors
Lime/Yellow coloring indicates positive/negative changes
Confident signals use thicker line styles
TECHNICAL DETAILS
The script employs three key modules:

// MACD Calculation
[macd_line, signal_line, histogram] = ta.macd(close, fast_length, slow_length, signal_length)
// Pattern Validation
high_9 = count_true_values(macd_line > get_first_non_na_value(macd_line, 4), 9) == 9 and count_true_values(macd_line > get_first_non_na_value(macd_line, 4), 10) == 9
// Label Generation
label_9 = high_9 ?
label.new(...) :
low_9 ?
label.new(...) :
na
LIMITATIONS
❗️ Requires minimum 14 bars for accurate sequence detection
❗️ Most effective on trending instruments due to its cyclical nature
❗️ Label placement may shift during rapid market movements

OPTIMIZATION TIPS
For optimal performance:

Parameter Tuning:
Adjust MACD periods based on asset volatility
Fine-tune threshold values for specific market conditions
Label Management:
Regularly delete old labels to prevent clutter
Use var label declarations for persistent markers