MACD Hybrid BSHMACD = Moving Average Convergence and Divergence
Hybrid = Combining the two main MACD signals into one indicator
BSH = Buy Sell Hold
This indicator looks for a crossover of the MACD moving averages (12ema and 26ema) in order to generate a buy/sell signal and a crossover of the MACD line (12ema minus 26ema) and MACD signal line (9ema of MACD line) in order to generate a completely seperate buy/sell signal. The two buy/sell signals are combined into a hybrid buy/sell/hold indicator which looks for one, neither, or both signals to be "buys." If both signals are buys (fast crossed above slow), a "buy" signal is given (green bar color). If only one signal is a buy, a "hold" signal is given (yellow bar color). If neither signal is a buy, a "sell" signal is given (red bar color). Note: MACD moving averages crossing over is the same thing as the MACD line crossing the zero level in the MACD indicator.
It makes sense to have the MACD indicator loaded as a reference when using this but it isn't required. The lines plotted on the chart are the 12ema and a signal line which is the MACD signal line shown relative to the 12ema rather than the MACD line. The 26ema is not plotted on the chart because the chart becomes cluttered, plus the moving averages crossing over is indicated with the MACD indicator.
This indicator should be used with other indicators such as ATR (1), RSI (14), Bollinger bands (20, 2), etc. in order to determine the best course of action when a signal is given. One way to use this as a strict system is to take a neutral cash position when a yellow "hold" signal is given, to go long when a
green "buy" signal is given, and to go short when a red "sell" signal is given. It can be observed that for many tickers and timeframes that green-yellow-green and red-yellow-red sequences are stronger signals than green-yellow-red and red-yellow-green signals.
Note: Chart type must be "bars" in order for the bar colorization to work properly
在腳本中搜尋"手机同花顺macd指标超出框架"
MAC-Z & MACD Leader signal [ChuckBanger]This is a combination of my MACD Leader script and MAC-Z with option to add Laguerre filter. The advantage of the MAC-Z over MACD is that it is a more accurate and “assumption-free” indicator that can more accurately describe how a market actually perform. But you can use this as a regular MACD indicator.
Crossovers signals
The MAC-Z line and signal line can be utilized in the same way as a stochastic oscillator, with the crossover between the two lines providing buy and sell signals. As with most crossover strategies, a buy signal comes when the shorter-term, more reactive line – in this case the MAC-Z line (blue line) crosses above the slower signal line (orange line). For example, when the MAC-Z line crosses below the signal line it provides a bearish sell signal.
Zero line crossing
The zero cross strategy is based on either of the lines crossing the zero line. If the MAC-Z crosses the zero line from below, it is a signal for a possible new uptrend, while the MAC-Z crossing from above is a signal that a new downtrend may be starting. This is special powerful if the lines has a fast up or down movement but the price action doesn't reflect that movement.
Divergences
Bearish and bullish divergences is my favorite signals. When price action and oscillators follow the same path it is called Convergences, when they don’t, it’s called a Divergence. Don't confuse the two because they have not the same meaning. But be aware that for example during consolidation or low liquidity, some small divergences between price and indicators might form, but that doesn't mean we should consider them as real divergences.
There is many different types of divergences. It is easier to show a picture then explaining it so I recommend you to check out the link below. Especially the top image. It sums this up very well
medium.com
MACD Leader
The MACD leader is only showing the crossing of MACD as a vertical line
Green vertical line = MACD Leader Bullish Cross
Red vertical line = MACD Leader Bearish Cross
MACD Leader:
MAC-Z:
More Information
cssanalytics.wordpress.com
en.wikipedia.org
drive.google.com
CCI MACDCCI and MACD in one indicator. CCI implementation with MACD like histogram. The result is the same as MACD with zero log.
Stochastic MACDStochastic MACD Indicator: Quick Guide
This Pine Script indicator, "Stochastic MACD" (SMACD), blends MACD and Stochastic Oscillator principles to help you spot momentum shifts and potential reversals.
What it Shows:
SMACD Line: Tracks momentum.
Signal Line: Averages the SMACD line, creating crossovers.
Histogram: Visualizes momentum strength, changing color with direction.
Overbought/Oversold Levels: (Default 10 and -10) Help identify stretched market conditions. Adjustable in settings.
Visual Signals (Triangles):
Red Down Arrow (Overbought Signal): Appears when both SMACD and Signal lines are above the Overbought level (default 10) AND SMACD crosses the Signal line upwards. This suggests strong overbought conditions and a potential reversal down.
Green Up Arrow (Oversold Signal): Appears when both SMACD and Signal lines are below the Oversold level (default -10) AND SMACD crosses the Signal line upwards. This suggests potential buying opportunities from oversold conditions and a possible reversal up.
How to Use It:
Confirm Trends: Use the histogram and line directions.
Spot Reversals: Look for the red and green triangles for quick alerts.
Combine: Always use with other analysis like price action or support/resistance.
Important: This is an analytical tool, not financial advice. Trading involves risk.
MACD & Bollinger Bands Overbought OversoldMACD & Bollinger Bands Reversal Detector
This indicator combines the power of MACD divergence analysis with Bollinger Bands to help traders identify potential reversal points in the market.
Key Features:
MACD Calculation & Divergence:
The script calculates the standard MACD components (MACD line, Signal line, and Histogram) using configurable fast, slow, and signal lengths. It includes a simplified divergence detection mechanism that flags potential bearish divergence—when the price makes a new swing high but the MACD fails to confirm the move. This divergence can serve as an early warning that the bullish momentum is waning.
Bollinger Bands:
A 20-period simple moving average (SMA) is used as the basis, with upper and lower bands drawn at 2 standard deviations. These bands help visualize overbought and oversold conditions. For example, a close at or above the upper band suggests the market may be overextended (overbought), while a close at or below the lower band may indicate oversold conditions.
Visual Alerts:
The indicator plots the Bollinger Bands on the chart along with labels marking overbought and oversold conditions. Additionally, it marks potential bearish divergence with a downward triangle, providing a quick visual cue to traders.
Usage Suggestions:
Confluence with Other Signals:
Use the divergence signals and Bollinger Band conditions as filters. For example, even if another indicator suggests a long entry, you might avoid it if the price is overbought or if MACD divergence warns of weakening momentum.
Customization:
All key parameters, such as the MACD lengths, Bollinger Band period, and multiplier, are fully configurable. This flexibility allows you to adjust the indicator to suit different markets or trading styles.
Disclaimer:
This script is provided for educational purposes only. Always perform your own analysis and backtesting before trading with live capital.
CCI and MACD Auto Trading Strategy with Risk/RewardOverview:
This strategy combines the Commodity Channel Index (CCI) and the Moving Average Convergence Divergence (MACD) indicators to automate trading decisions. It dynamically sets stop-loss and take-profit levels based on recent lows and highs, ensuring a risk/reward ratio of 1:1.5. This script aims to leverage trend and momentum signals while maintaining effective risk management.
Originality and Usefulness:
This script is not just a simple mashup of CCI and MACD indicators; it incorporates dynamic risk management by setting stop-loss and take-profit levels based on recent price action. This approach helps traders to:
・Identify potential trend reversals using the combination of CCI and MACD signals.
・Manage trades effectively by setting realistic stop-loss and take-profit levels based on recent market data.
・Maintain a balanced risk/reward ratio, which is essential for sustainable trading.
Indicators Used:
・CCI (Commodity Channel Index):
・Measures the deviation of the price from its average over a specified period, typically ranging from -100 to +100.
・Helps identify overbought and oversold conditions.
・MACD (Moving Average Convergence Divergence):
・Utilizes the difference between short-term and long-term moving averages to indicate trend strength and direction.
・Provides momentum signals that can be used for timing entries and exits.
How It Works:
Entry Conditions:
Long Entry:
・The MACD histogram is above zero.
・The CCI crosses above the -100 line.
Short Entry:
・The MACD histogram is below zero.
・The CCI crosses below the +100 line.
Exit Conditions:
Long Positions:
・The stop-loss is set at the recent low.
・The take-profit is set at 1.5 times the distance between the entry price and the stop-loss.
Short Positions:
・The stop-loss is set at the recent high.
・The take-profit is set at 1.5 times the distance between the entry price and the stop-loss.
Risk Management:
・The script dynamically adjusts stop-loss and take-profit levels based on recent market data, ensuring that the risk/reward ratio is maintained at 1:1.5.
・This approach helps in managing the risk effectively while aiming for consistent profits.
Strategy Properties:
・Account Size: Configured for a realistic account size suitable for the average trader.
・Commission and Slippage: Includes settings for realistic commission and slippage to reflect real market conditions.
・Risk per Trade: Designed to risk no more than 5-10% of equity per trade, aligning with sustainable trading practices.
・Backtesting Results: Configured to generate a sufficient sample size (ideally more than 100 trades) for reliable backtesting results.
Revised Backtesting Settings
Ensure that your backtesting settings are realistic:
・Account Size: Set a realistic initial capital suitable for the average trader.
・Commission and Slippage: Include realistic commission fees and slippage.
・Risk Management: Ensure that each trade risks no more than 5-10% of the account equity.
・Sufficient Sample Size: Choose a dataset that will generate more than 100 trades to provide a robust sample size.
Super 6x: RSI, MACD, Stoch, Loxxer, CCI, & Velocity [Loxx]Super 6x: RSI , MACD , Stoch , Loxxer, CCI , & Velocity is a combination of 6 indicators into one histogram. This includes the option to allow repainting.
What is MACD?
Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA .
What is CCI?
The Commodity Channel Index ( CCI ) measures the current price level relative to an average price level over a given period of time. CCI is relatively high when prices are far above their average. CCI is relatively low when prices are far below their average. Using this method, CCI can be used to identify overbought and oversold levels.
What is RSI?
The relative strength index is a technical indicator used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The indicator should not be confused with relative strength .
What is Stochastic?
The stochastic oscillator, also known as stochastic indicator, is a popular trading indicator that is useful for predicting trend reversals. It also focuses on price momentum and can be used to identify overbought and oversold levels in shares, indices, currencies and many other investment assets.
What is Loxxer?
The Loxxer indicator is a technical analysis tool that compares the most recent maximum and minimum prices to the previous period's equivalent price to measure the demand of the underlying asset.
What is Velocity?
In simple words, velocity is the speed at which something moves in a particular direction. For example as the speed of a car travelling north on a highway, or the speed a rocket travels after launching.
How to use
Long signal: All 4 indicators turn green
Short signal: All 4 indicators turn red
Included
Bar coloring
Alerts
Ichimoku Cloud with MACD and Trailing Stop Loss (by Coinrule)The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future.
The Ichimoku Cloud was developed by Goichi Hosoda, a Japanese journalist, and published in the late 1960s. It provides more data points than the standard candlestick chart. While it seems complicated at first glance, those familiar with how to read the charts often find it easy to understand with well-defined trading signals.
The Ichimoku Cloud is composed of five lines or calculations, two of which comprise a cloud where the difference between the two lines is shaded in.
The lines include a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line.
The cloud is a key part of the indicator. When the price is below the cloud, the trend is down. When the price is above the cloud, the trend is up.
The above trend signals are strengthened if the cloud is moving in the same direction as the price. For example, during an uptrend, the top of the cloud is moving up, or during a downtrend, the bottom of the cloud is moving down.
The MACD is a trend following momentum indicator and provides identification of short-term trend direction. In this variation it utilises the 12-period as the fast and 26-period as the slow length EMAs, with signal smoothing set at 9.
This strategy combines the Ichimoku Cloud with the MACD indicator to better enter trades.
Long/Exit orders are placed when three basic signals are triggered.
Long Position:
Tenkan-Sen is above the Kijun-Sen
Chikou-Span is above the close of 26 bars ago
Close is above the Kumo Cloud
MACD line crosses over the signal line
Exit Position:
Price increases 3% trailing
Price decreases 3% trailing
The script is backtested from 1 June 2022 and provides good returns.
The strategy assumes each order is using 30% of the available coins to make the results more realistic and to simulate you only ran this strategy on 30% of your holdings. A trading fee of 0.1% is also taken into account and is aligned to the base fee applied on Binance.
EMA 21 + MacD + RSI + Alma
Setting
EMA 21 = Green
EMA 9 = yellow
MacD = 5 35 5
RSI = 10
Alma 20 0.8 8
RULES
Long:
1. EMA 9 below 21
2. RSI above 50 from Oversold
3. Macd Solid green
4. SL @ ALMA
5. Conditional buy limit order @ top wick
6. 1:3 RR
Short:
1. EMA 9 above 21
2. RSI below 50 from Overbought
3. Macd Solid red
4. SL @ ALMA
5. Conditional sell limit order @ bottom wick
6. 1:3 RR
PA-Adaptive MACD w/ Variety Levels [Loxx]PA-Adaptive MACD w/ Variety Levels is a Phase Accumulation Adaptive MACD with both floating and quantile levels. This is tuned for Forex. You'll have to adjust the Phase Accumulation Cycle settings to work for crypto and stock markets.
What is MACD?
Moving average convergence divergence ( MACD ) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA .
What is the Phase Accumulation Cycle?
The phase accumulation method of computing the dominant cycle is perhaps the easiest to comprehend. In this technique, we measure the phase at each sample by taking the arctangent of the ratio of the quadrature component to the in-phase component. A delta phase is generated by taking the difference of the phase between successive samples. At each sample we can then look backwards, adding up the delta phases.When the sum of the delta phases reaches 360 degrees, we must have passed through one full cycle, on average.The process is repeated for each new sample.
The phase accumulation method of cycle measurement always uses one full cycle’s worth of historical data.This is both an advantage and a disadvantage.The advantage is the lag in obtaining the answer scales directly with the cycle period.That is, the measurement of a short cycle period has less lag than the measurement of a longer cycle period. However, the number of samples used in making the measurement means the averaging period is variable with cycle period. longer averaging reduces the noise level compared to the signal.Therefore, shorter cycle periods necessarily have a higher out- put signal-to-noise ratio.
Included:
Zero-line and signal cross options for bar coloring, signals, and alerts
Alerts
Signals
Loxx's Expanded Source Types
4 moving average types
Hybrid, Zero lag, Adaptive cycle MACD [Loxx]TASC's March 2008 edition Traders' Tips includes an article by John Ehlers titled "Measuring Cycle Periods," and describes the use of bandpass filters to estimate the length, in bars, of the currently dominant price cycle.
What are Dominant Cycles and Why should we use them?
Even the most casual chart reader will be able to spot times when the market is cycling and other times when longer-term trends are in play. Cycling markets are ideal for swing trading however attempting to “trade the swing” in a trending market can be a recipe for disaster. Similarly, applying trend trading techniques during a cycling market can equally wreak havoc in your account. Cycle or trend modes can readily be identified in hindsight. But it would be useful to have an objective scientific approach to guide you as to the current market mode.
There are a number of tools already available to differentiate between cycle and trend modes. For example, measuring the trend slope over the cycle period to the amplitude of the cyclic swing is one possibility.
We begin by thinking of cycle mode in terms of frequency or its inverse, periodicity. Since the markets are fractal; daily, weekly, and intraday charts are pretty much indistinguishable when time scales are removed. Thus it is useful to think of the cycle period in terms of its bar count. For example, a 20 bar cycle using daily data corresponds to a cycle period of approximately one month.
When viewed as a waveform, slow-varying price trends constitute the waveform's low frequency components and day-to-day fluctuations (noise) constitute the high frequency components. The objective in cycle mode is to filter out the unwanted components--both low frequency trends and the high frequency noise--and retain only the range of frequencies over the desired swing period. A filter for doing this is called a bandpass filter and the range of frequencies passed is the filter's bandwidth .
Indicator Features
-Zero lag or Regular MACD/signal calculation
- Fixed or Band-pass Dominant Cycle for MACD and Signal MA period inputs
-10 different moving average options for both MACD and Signal MA calculations
-Separate Band-pass Dominant Cycle calculations for both MACD and Signal MA calculations
- Slow-to-Fast Band-pass Dominant Cycle input to tweak the ratio of MACD MA input periods as they relate to each other
Selected MACD Areas CompareThis is a simple tool to compare two selected MACD histogram area. The MACD histogram area is sometimes used to determine trend reversal or trend strength. One may have difficulty with this when the compared MACD areas are of different shape or similar in size. This indicator/tool allows user to select two time periods on the chart and get a precise compare result.
To use the indicator, place a regular MACD indicator on the chart which shows the histogram, then add this indicator and select the two areas of which you want to compare the size. Please make sure that the regular MACD indicator this one have the same source.
Data Trader Stoch | RSI | MACD Strategy IndicatorImplementation of Data Trader's strategy, described in the youtube video, "Highly Profitable Stochastic + RSI + MACD Trading Strategy (Proven 100x)"
Also see Algovibes' video, "Highly Profitable Stochastic + RSI + MACD Trading Strategy? Testing Data Traders strategy in Python"
Note: Despite the claims, it generates barely, if any, signals, certainly in the crypto markets
If there are any mistakes, give feedback in the comments, and I'll fix
### Strategy Summary ###
# Long Signals #
Stoch K and D are oversold
RSI above midline
MACD above signal line
# Short Signals #
Stoch K and D are overbought
RSI below midline
MACD below signal line
# Stop loss and Take Profit #
Stop loss
Longs: below last swing low
Shorts: above last swing high
Take profit at 1.5x stop loss
Forex scalper 2xEMA + SRSI + MACDThis is a forex scalping strategy designed for the most liquid pairs, like major forex pairs.
Its made of
1 EMA 50
1 EMA 100
Stochastic RSI
MACD
Rules
For long :close of the candle is above moving average 50, moving average 50> moving average 100, macd histogram is positive and cross over of stochastic rsi with the oversold level.
For short :close of the candle is below moving average 50, moving average 50 < moving average 100, macd histogram is negative and cross under of stochastic rsi with the overbought level.
Exit
For exit we have take profit and stop loss using fixed pip points.
For this example on EURUSD we use 20 pips for both tp and sl
IF you have any questions let me know !
RSI & MACDThis indicator presents standart RSI and MACD indicators in a single indicator. The appearances of these indicators have been modified a little bit and squeezed into one window. To overcome the scale problem the MACD values has expanded with 1000 and divided by the current price to use both indicators in the same scale. Original values could be determined from there. Original Tradingview codes have been used to get full control of graphs.
Bu indikatör RSI ve MACD gösterfgelerini tek bir indikatörde sunuyor. İndikatörlerin görünüşleri bir miktar modifiye edilip iki indikatörğn tek bir pencereden takip edilmesine olanak sağlanmıştır. İki indikatördeki farklı ölçek kullanımından ortaya çıkan ölçek sorunu MACD değerlerinin 1000 ile genişletilip, ürünün güncel fiyatına bölünmesiyle giderilmiştir. Her iki indikatiör için de orjinal Tradingview kodları kullanılmıştır.
rsi and macdRSI and MACD in the chart:
- small circles -> oversold/overbought
- big circles -> oversold/overbought rising/falling
- small diamonds -> macd over/under signal with macd over/under zero
Please comment if you have an idea to improve it ;)
Momentum Strategy (BTC/USDT; 1h) - MACD (with source code)Good morning traders.
It's been a while from my last publication of a strategy and today I want to share with you this small piece of script that showed quite interesting result across bitcoin and other altcoins.
The macd indicator is an indicator built on the difference between a fast moving average and a slow moving average: this difference is generally plottted with a blue line while the orange line is simply a moving average computed on this difference.
Usually this indicator is used in technical analysis for getting signals of buy and sell respectively when the macd crosses above or under its moving average: it means that the distance of the fast moving average (the most responsive one) from the slower one is getting lower than what it-used-to-be in the period considered: this could anticipate a cross of the two moving averages and you want to anticipate this potential trend reversal by opening a long position
Of course the workflow is specularly the same for opening short positions (or closing long positions)
What this strategy does is simply considering the moving average computed on macd and applying a linear regression on it: in this way, even though the signal can be sligthly delayed, you reduce noise plotting a smooth curve.
Then, it simply checks the maximums and the minimums of this curve detecting whenever the changes of the values start to be negative or positive, so it opens a short position (closes long) on the maximum on this curve and it opens a long position (closes short) on the minimum.
Of course, I set an option for using this strategy in a conventional way working on the crosses between macd and its moving average. Alternatively you can use this workflow if you prefer.
In conclusion, you can use a tons of moving averages: I made a function in pine in order to allw you to use any moving average you want for the two moving averages on which the macd is based or for the moving average computed on the macd
PLEASE, BE AWARE THAT THIS TRADING STRATEGY DOES NOT GUARANTEE ANY KIND OF SUCCESS IN ADVANCE. YOU ARE THE ONE AND ONLY RESPONSIBLE OF YOUR OWN DECISIONS, I DON'T TAKE ANY RESPONSIBILITY ASSOCIATED WITH THEM. IF YOU RUN THIS STRATEGY YOU ACCEPT THE POSSIBILITY OF LOOSING MONEY, ALL OF MY PUBBLICATIONS ARE SUPPOSED TO BE JUST FOR EDUCATIONAL PURPOSES.
IT IS AT YOUR OWN RISK WHETHER TO USE IT OR NOT
But if you make money out of this, please consider to buy me a beer 😜
Happy Trading!
[SK] Double MACDThe Double MACD indicator is precisely two different MACD indicators plotted on the same axis for precise visual correlation between each other.
This correlation provides more information than a single regular MACD by allowing you to compare the signals of a shorter timeframe to the default or longer timeframe,
showing the strength of the change in momentum and the peak of the momentum between both configurations.
The indicator has cloud options by default if you toggle on the MACD / Signal lines for better readability.
The cloud will change color to the line on top of it's set. This is to help you not get lost in the 4 different lines.
Customize the indicator to your preference and make it your own
If you'd like a candle like visualization, change the short MACD plot style to a histogram.
For a beautiful double bars style, select bars on both configurations and set the transparency to 30 - 40
For a dynamic moving average style, go with the line plot style ( default )
All MACD/Signal lines are toggled off by default, toggle them on in the inputs section.
On the styles panel, you can turn off the cloud fills or the lines.
Change all the colors you'd like!
RVSI & MACD Confluence BackgroundThis indicator colors the background in vertical (green/red) stripes to indicate if the current trend is possibly bull / bear
A region where the background is not colored indicates that the present trend can not be identified
The algo combines the RVSI (Relative Volume Strength Index {ref fract} ) and the MACD
The Relative Volume Strength Index has been adapted to include 2 moving averages, one fast and one slow
This same fast slow lookback length is applied to the MACD for simplicity
What's interesting is that there is a very strong confluence between the MACD and RVSI, as the MACD is obtained from 'price action only' and the RVSI from the 'volume only'
So a break in confluence of these two might suggest that the current trend is weakening in confidence or can not be clearly identified
Generally, a green background means consider going long ie price trend is rising
A red background means consider going short ie price trend is falling
An absent background color means - consider exiting current trade or wait to get into a new trade
Best Regards, MoonFlag - and a special thanks/mention to 'fract' for the RVSI algo this is derived from
SALEH MACD Donchian + EMA & MACD + ADXI gathered all the signals coming from the MACD & Donchian channels indicators and filtered them with EMA 200 or ADX > 25 indicators (which both of them show the trend),
and put them on the chart to show me the buy and sell signals;
the signals rules are as following:
BUY:
when we have an uptrend ( the price is above the EMA 200 or ADX > 25 ) & the macd line cross up the signal line while they are both under the 0 level of histogram it generates buy signals.
SELL:
when we have a downtrend ( the price is below the EMA 200 or ADX > 25) & the macd line cross below the signal line while they are both above the 0 level of histogram it generates sell signals.
Donchian channel works as a confirmation for the macd signal.
this signals work best at London session, you can also filter them by chandelier exit indicator.
[RS]MACD Divergence V1This oscilator was created by Ricardo Santos using MACD's histogram as the series to find low and high fractals and from there find and plot divergences.
I just modified it a little bit to make it to look more like the MACD public library indicator and use the actual MACD series (instead of the histogram) to find the fractals and from there plot divergences.
I did this to make it easier for me and other fellow students of a Forex school where we use these type of divergences to find patterns.
{INDYAN} RSI + MACDModded RSI and MACD for intraday use. If rsi above 60 and macd is above zero line then go for buy and if rsi is below 40 and macd below zero line then go for sell side. use it in small timeframe i.e. 3 minute or less.
better for scalp trading
Happy Trading
Love INDYAN
#It can be used best with INDYAN Go With Trend
