MACD-V+ (ATR Normalized MACD)

5 Eki

MACD-V+ is an ATR-normalized MACD tool that focuses on true turning points inside Overbought/Oversold zones. It marks a signal only when the MACD’s slope changes direction and shows real progress back toward the zero line, with an optional dwell (depth & time) filter so you don’t get faked out by shallow pokes into a zone. Clean visuals, “first-in-zone” gating, and configurable labeling make it practical for discretionary and systematic traders alike.

For best results, adjust Overbought and Oversold levels based on stock volatility. The default settings of 150 and -150 are for highly volatile tickers. Reduce for less volatile tickers.

Please help me improve the code for everyone.

15 Eki

Sürüm Notları

MACD-V+ is an ATR-normalized MACD tool that focuses on true turning points inside Overbought/Oversold zones. It marks a signal only when the MACD’s slope changes direction and shows real progress back toward the zero line, with an optional dwell (depth & time) filter so you don’t get faked out by shallow pokes into a zone. Clean visuals, “first-in-zone” gating, and configurable labeling make it practical for discretionary and systematic traders alike.

For best results, adjust Overbought and Oversold levels based on stock volatility. The default settings of 150 and -150 are for highly volatile tickers. Reduce for less volatile tickers.

Please help me improve the code for everyone.

Credits:
Based on “MACD-V (Volatility-Normalized Momentum)” by Alex Spiroglou.
naaim.org/wp-content/uploads/2022/05/MACD-V-Alex-Spiroglou-WEB.pdf
chartschool.stockcharts.com/table-of-contents/technical-indicators-and-overlays/technical-indicators/macd-v
youtube.com/watch?v=XYqMG5xWHg4