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 v5 · Own pane
MACD Delta Strategy
This Pine v5 strategy computes MACD and takes the difference between the MACD and signal lines.
Archived by its author
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code59
Settings6inputs
LicenceNone stated
Last update4 years ago14 Aug 2022
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
MACD Delta Strategy goes long when that histogram crosses above zero and short when it crosses below, reversing the position. A percentage stop loss measured from the average entry price protects each trade, with the default set in the inputs. RSI and CCI lengths are inputs, and the CCI is plotted in a separate pane, but neither filters trades. Position size uses the strategy default.
- MACD histogram zero cross entries
- Long and short reversals
- Percentage stop loss from average price
- CCI plotted in a separate pane
Details
Published by
juliencrn on GitHub
Type
Strategy, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
data-analysisjupyter-notebookmatplotlibpandaspinescriptpythontrading-strategiestrading-bottradingbot
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| signal_length | int | 9 | signal_length |
| fast_length | int | 12 | fast_length |
| slow_length | int | 26 | slow_length |
| rsi_lenght | int | 14 | rsi_lenght |
| cci_lenght | int | 20 | cci_lenght |
| Stop loss (%) | float | 8 | stop_loss_perc |
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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