daviddtech

MACD Divergence + MTF EMA Reversal by @DaviddTech

MACD Divergence + MTF Indicator / EMA by @DaviddTech
Long :
* Find Divergence in the MACD line
* Multi Time Frame EMA 50 15 minutes above Multi Time Frame EMA 50 60 minutes
* MACD and Signal line are below the 0 line
* MACD crosses above the Signal line

Short :
* Find Divergence in the MACD line
* Multi Time Frame EMA 50 15 minutes below Multi Time Frame EMA 50 60 minutes
* MACD and Signal line are above the 0 line
* MACD crosses below the Signal line

EMA usages instead.
* I found that as a strategy this could work better with the 200 EMA line.
* Trends reversals also gave good results.

Trend Reversals :
* Price is below EMA 200 - Take LONG on divergence.
* Price is above EMA 200 - Take SHORT on divergence.

** You may need to turn off MTF ema when using the Simple EMA 200

WARNING:
- For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE.
- Plots EMAs and other values on chart.
- This script to change bars colors.

✅💰⚡ Become part of the community get early get access here:
www.patreon.com/daviddtech
🔥Telegram Group:
t.me/DaviddTech
⚡ Videos & Tutorials :
www.youtube.com/channel/UC7NJLsf6IonOy8QI8gt5BeA?sub_confirmation=1

♥ @DaviddTech
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