OPEN-SOURCE SCRIPT
MACD_3Color_Overlay
This was updated from script of ChrisMoody published on 4-10-2014.
This MACD is an overlayed version instead of separated indicator.
I re-color lines and histogram for my own trading strategy.
For example, look the screenshot, you can see that even though price from 1 to 2 is ascending, but on histogram, the volume from 1 to 2 is descending, which means there will be a reversal of price.
So we wait until the second red volume appears (marked with an arrow on top) we can place a short order. Or, to make sure, we can wait until the red dot (marked with "X" letter) appears to do that.
Same with buy order.
This is just a suggestion for trading strategy, not a guarantee, everything can happen, you should spend time to inspect the indicator to make sure you understand it before use for trading.
And YOU TRADE WITH YOUR OWN RISKS!
Hope you like it.
This MACD is an overlayed version instead of separated indicator.
I re-color lines and histogram for my own trading strategy.
For example, look the screenshot, you can see that even though price from 1 to 2 is ascending, but on histogram, the volume from 1 to 2 is descending, which means there will be a reversal of price.
So we wait until the second red volume appears (marked with an arrow on top) we can place a short order. Or, to make sure, we can wait until the red dot (marked with "X" letter) appears to do that.
Same with buy order.
This is just a suggestion for trading strategy, not a guarantee, everything can happen, you should spend time to inspect the indicator to make sure you understand it before use for trading.
And YOU TRADE WITH YOUR OWN RISKS!
Hope you like it.
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.