MACD exit % indicator

Introduction

An exit indicator for MACD, good for triggering order exit via MACD.

It works by considering <current MACD hist> and the <max MACD hist after last flip>.

Then, it just exits when the % change in these values surpasses a threshold.

Indicators

blue line - MACD
orange line - Signal

green/red columns - Histogram

aqua background - Last Histogram Flip
fuchsia background - Max abs(Histogram) value after last flip
orange Background - Exit region

Notas de Lançamento

comments

Notas de Lançamento

Sane defaults for hyperparameters

Notas de Lançamento

Fix plot

Script de código aberto

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

devxpy

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Script de código aberto

devxpy