MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v4 · Own pane
Cerebr
This strategy combines optional Hull moving average, SuperTrend, and MACD conditions in a separate pane.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code223
Settings19inputs
LicenceNone stated
Last update2 years ago12 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Cerebr marks HMA rising or falling over a chosen period and SuperTrend long or short direction, and it treats MACD above or below its signal line as buy or sell states. Inputs switch each filter on or off, set HMA source, length, and timeframe, SuperTrend length and multiplier, and MACD lengths. With signal-only mode off it plots the HMA and SuperTrend line with a background fill. The shown code has no stop loss, take profit, or exit rules, and the squeeze section is commented out.
- Optional Hull moving average filter
- Higher-timeframe HMA without lookahead
- SuperTrend direction and background fill
- MACD versus signal comparison
- Signal-only display toggle
Details
Published by
jerryinyang on GitHub
Code credit
Cerebr, as written in the script's header
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Apply HMA | bool | true | useHma |
| Apply SuperTrend | bool | true | useST |
| Apply MACD | bool | true | useMACD |
| Show Only Signals | bool | true | signalOnly |
| HMA Source | source | close | hmaSrc |
| HMA Period | int | 20 | hmaLen |
| HMA Timeframe | timeframe | D | hmaRes |
| Rise or Fall Period | int | 1 | period |
| Supertrend Length | int | 10 | stLen |
| SuperTrend Multiplier | int | 3 | stMult |
| MACD Source | source | close | macdSrc |
| Fast MA | int | 12 | macdFastLen |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Slow MA | int | 21 | macdSlowLen |
| Signal Line | int | 9 | macdSigLen |
| BB Length | int | 20 | length |
| BB MultFactor | float | 2.0 | mult |
| KC Length | int | 20 | lengthKC |
| KC MultFactor | float | 1.5 | multKC |
| Use TrueRange (KC) | bool | true | useTrueRange |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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