🔵 Introduction
🟣 Understanding Divergence
As mentioned, divergence occurs in technical analysis when a stock's price behaves contrary to indicators on the price chart. Divergence can signify either a reversal of the stock's trend or a continuation of the previous trend correction.
Divergences can act as reversal patterns or continuation patterns. Moreover,...
Indicator showing potential momentum divergences on MACD Momentum.
The problem with the classic divergence is that when the signal appears, it is sometimes too late to enter a trade .
The potential divergence corrects this problem by signaling the beginning of a potential divergence .
MACD is a momentum indicator that offers relevant insights with...
>> How to use this indicator :
1. Set your teadingview theme to dark theme.
2. My indicator is valid for forex, stock and but more valid for crypto.
3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for...
Hi everyone,
Here is a script that synthesizes divergence signals from the MACD indicator, including 3 options:
- MACD divegence
- MACD signal divergence
- MACD histogram divergence
Scripts are used for learning and research purposes. THESE ARE NOT BUY/SELL SIGNALS.
If you have a better idea, share it here or contact me via msg. I will improve this script...
Level: 1
Background
The MACD is a superior derivative of moving average crossovers and was developed by Gerald Appel in 1979 as a market timing tool. MACD uses two exponential moving averages with different bar periods, which are then subtracted to form what Mr. Appel calls the Fast Line. A 9-period moving average of the fast line creates the slow...
The McClellan Oscillator was created by Sherman and Marian McClellan and it is essentially a MACD of the advancing and declining symbols of the day and is best used as a comparison with the biggest stocks such as my example Apple but that is just my opinion. I pulled the symbol names from a Trading View blog so I'm not 100% sure if they are accurate so please let...
To best use the MACD Divergence indicators, adjust the following settings accordingly.
• MACD Bullish Divergence Under: <0 (lower for larger volatility and more bearish markets)
• MACD Bearish Divergence Above: >0 (higher for larger volatility and more bullish markets)
Key Notes:
1. Set "Once Per Bar" instead of "Once Per Bar Close" alert.
The...
To best use the MACD Divergence indicators, adjust the following settings accordingly.
• MACD Bullish Divergence Under: <0 (lower for larger volatility and more bearish markets)
• MACD Bearish Divergence Above: >0 (higher for larger volatility and more bullish markets)
THIS SCRIPT DOES NOT REPAINT AND IS COMPLETELY FREE.
Goodluck Trading!
Bonjour/Salut ça va?
Ok enough for the french :) You guys should really stop challenging me on things on Pinescript and asking me if it's possible or not because... that's the second time in a row I'm about to reveal a nice trick
Please take this example as a proof of concept/feasability. This follower said "I'm tired of manually filling the fields of my...
This indicator highlights the market trend Base on Macd...
It's also a multi-time frame indicator, which helps traders to make the best decision.
You can send your feedback and comments to my email address: bj.ajdary@gmail.com
@The_Last_Savior
My Other Scripts in TradingView:
Hello Fellow Traders!
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This is the newest addition to Gnome Alerts PRO!
This is one of the newer scripts that we are using for scalping on the lower time frames on Bitmex & Binance.
This is a script that can be used on all time frames and includes back-testing. All of our scripts included back-testing and BUY &...
Newer version of Momentum indicator introducing 4 colors so easy to spot momentum bars ticking up or down. User can customize the colors etc and turning the MACD/Signal lines on/off.
This script is open to public so anyone can use it.
![XAUUSD: Divergence Detector [TradingFinder] RSI + MACD + AO Oscillator](https://s3.tradingview.com/2/2eEOtIQY_mid.png "Divergence Detector [TradingFinder] RSI + MACD + AO Oscillator")
![XAUUSD: [blackcat] L1 Stick-Line Merged MACD](https://s3.tradingview.com/q/qE0umJ8p_mid.png "[blackcat] L1 Stick-Line Merged MACD")
![AAPL: McClellan Oscillator [CC]](https://s3.tradingview.com/l/LUU9eUCE_mid.png "McClellan Oscillator [CC]")
![BTCUSD: MFT MACD Trend [by: Bijan Ajdary]](https://s3.tradingview.com/p/Pu6lYH6q_mid.png "MFT MACD Trend [by: Bijan Ajdary]")
