[blackcat] L3 Jurik MACD

2023年1月25日

Level: 3

Background

Use Jurik MA to build MACD and many people need to judge the market trend against the main candlestick chart when using MACD .

Function

First of all, the MACD function is built with Jurik MA and ALMA for better performance.
Second, the principle of MACD is the difference between EMA's long-term and short-term values. So, I wonder if it is possible to use EMA to construct a set of candle charts that are similar in proportion to MACD values for overlapping comparisons? Because this can greatly facilitate traders to make quick trend judgments. So I used the 3-8 lines of EMA to simulate the KD of KDJ, constructed a set of candle charts, and generated buying and selling points through conditional constraints. Do you like this MACD + Candlestick chart?

Key Signal

Traditional Jurik MACD output signal
Candlesticks
Near Top --> Top is reached and reversal may happen soon. (fuchsia labels)
Near Bottom --> Bottom is reached and reversal may happen soon. (yellow labels)

Remarks

Feedbacks are appreciated.

4月22日

發行說明

OVERVIEW
The L3 Jurik MACD indicator combines advanced moving average calculations with traditional MACD analysis to provide traders with comprehensive market insights. This sophisticated tool uses the Jurik Moving Average algorithm for more accurate trend identification compared to standard indicators. The script includes dynamic histogram coloring, customizable alerts, and visual price action analysis through EMA differences.

FEATURES

• Advanced Jurik Moving Average implementation
• Customizable MACD parameters (Fast: 12, Slow: 26, Signal: 9)
• Dynamic histogram coloring based on momentum changes
• Real-time trading signals and crossover detection
• Price action analysis using multiple EMAs
• Visual alerts for buy/sell opportunities
• Zone monitoring for potential tops/bottoms

HOW TO USE

Apply the indicator to your chart:

Add the L3 Jurik MACD indicator to any timeframe of choice.
Interpret the signals:
• MACD Line: Primary trend direction indicator
• Signal Line: Crossover points generate entry signals
• Histogram: Shows momentum strength and direction
• EMA Differences: Color-coded candles indicate bullish/bearish trends

Monitor zones:
• Look for "Near Top" or "Near Bottom" labels for potential reversal areas
• Pay attention to crossover events between MACD lines

Configure alerts:
• Customize notification settings in TradingView's alert manager
• Set up email/SMS notifications for trade signals

LIMITATIONS

• May produce false signals during highly volatile periods
• Best suited for longer timeframes due to calculation complexity
• Requires careful parameter tuning for optimal performance
• Historical data dependency may affect accuracy

NOTES

The indicator works best when combined with other technical tools
Adjust parameters according to your trading strategy requirements
Consider market conditions before relying solely on this indicator