Hello, I made a classic MACD Histogram indicator, with custom alerts and parameters though.
Shapes Green circles : The MACD histogram is reversing, this is a buy (or Long) signal. Red circles : The MACD histogram is reversing, this is a sell (or Short) signal. Green Arrow up : The MACD histogram is enduring a bear fakeout. This is a buy signal. Red Arrow up : The MACD histogram is enduring a bullfakeout. This is a sell signal. Parameters ( INPUTS ) Classic MACD parameters. Sensitivity : (1 = really sensitive to reverals and fakeouts - 5 = much less sensitive) Activate Fakeouts : default is true. Uncheck to deactivate fakeout on chart /!\ will also deactivate fakeout alerts
Alerts (Automated trading alerts : SMS, email, etc.) that you can create : Buy : a buy signal that will trigger on a bull reversal or a bear fakeout. No more than one buy/sell signal in a row (You will not get multiple buy signals or multiple sell signals in a row) Sell : a sell signal that will trigger on a bearreversal or a bullfakeout. No more than one buy/sell signal in a row (You will not get multiple buy signals or multiple sell signals in a row) Buy (Bull Reversal) : a buy signal that will trigger on each bull reversal. Buy (Bear Fakeout) : a buy signal that will trigger on each bear fakeout. Sell (Bear Reversal) : a sell signal that will trigger on each bear reversal. Sell (Bull Fakeout) : a sell signal that will trigger on each bull fakeout.
If you like, leave a comment, thanks! If you find any bug, thanks for telling me!