I added many alerts along with the Bullish and Bearish alerts when the MACD crosses over the Upperband or crosses down on the Lowerband.
I personally use this indicator with Crypto charts (Bitcoin on a 15min, 1hour, and 4 hour timeframe) as one of many confirmations that it's a good time to enter a trade. This script was made to be easy to follow with the colors of GREEN triangles being a good uptrend or entry confirmation, and RED being a confirmation to sell/short or exit your trade.
It's important to use this indicator in combination with other indicators that can give you more confirmations to enter or exit a trade, and make sure you are on normal candles and not HA or any other candles as you can get wildly inaccurate results.
This script also has the Death & Golden crosses, which is the slow and fast moving averages crossing over each other. I don't use this as an additional confirmation, it's just nice to know where the cross happens.
Notas de Lançamento
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Fixed scaling issues from Death/Golden Cross. Thanks to @AtomOfScent for catching the bug!
death cross and golden cross is at wrong position. when death cross it should be golden cross and when golden cross it should be death cross.. because the alert show death cross but coin is in bull is this bug?
Greetings!
When a candlestick is colored blue, does it mean that there is uncertainty / change in the current trend in this candlestick?
countseven12
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@nikoletosr, I use a little association to remember and read the candle colors, this is just the way I learned it, but you can choose anyway you’d like:
Blue candles (with red outline/halo): Means the temperature(and trend) is dropping, and the bears are in control.
Yellow candles (with red outline/halo): Yellow candles are normally bullish, but that red is causing too much fear to be effective.
Blue candles (with green outline/halo): Slight uncertainty in movement - check the volume color to see which way the trend is moving.
Yellow candles (with green/blue outline/halo): The Suns out and it looks like an uptrend is on its way.
Doji (with outline/halo): Signs of impending action, red and the trend is its heading south, green and the strength is with the Bulls.
Blue candles (with a red outline/halo): The market is continuing its downward trend.
Blue candles (with a green outline/halo): Things are on the turn, better times ahead.
Blue Doji (with a green outline/halo): Is a bullish sign to the upside.
Love this indicator!!! - could you reply witha screen grab of how to set up pop up alerts please, ive tryed so many configs, but cant get the trading view alert pop up to work.
just want pop up alert when red or green triangles appear,. thks in advance.
rajeshestatehuf
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Can it be used for XAUUSD.... Which timeframe do you suggest for trading Gold
lmbzino
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you are fuc'kin amazzzzzing ♥ please tell me abour cross death and golden tahnk youuuu
when death cross it should be golden cross and when golden cross it should be death cross..
because the alert show death cross but coin is in bull
is this bug?