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
MACD Rise and Fall
This strategy calculates the MACD line and plots it as a colored histogram in a separate pane.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code68
Settings11inputs
LicenceNone stated
Last update6 years ago6 May 2020
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
Instead of traditional crossovers, it tracks consecutive rising or falling values on the MACD line. It enters long positions after a configurable number of consecutive rising MACD bars and exits when the line falls for a specified number of consecutive bars. Main settings allow adjusting fast and slow moving average lengths, rise and dip thresholds, equity position sizing, and backtesting date ranges. The strategy does not include a stop loss.
- Consecutive rise and dip MACD signal detection
- Color-coded MACD histogram representation
- Custom date range backtesting window
- Percentage-based equity position sizing
Details
Published by
RayRuizheLi on GitHub
Type
Strategy, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages, Trend
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 |
|---|---|---|---|
| From Month | int | 9 | FromMonth |
| From Day | int | 1 | FromDay |
| From Year | int | 2019 | FromYear |
| To Month | int | 1 | ToMonth |
| To Day | int | 1 | ToDay |
| To Year | int | 2021 | ToYear |
| Continous Rise | int | 3 | contRise |
| Continous Dip | int | 3 | contDip |
| Capital, % | int | 100 | capital |
| Fast moving average | int | 12 | fastMA |
| Slow moving average | int | 26 | slowMA |
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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