Simple Macd Momentum Reversal Indicator

This Simple indicator uses the MACD history to check trend reversals. It primarily check if the histogram has moved up from a downtrend above a certain margin. If it has, it places a green B on the chart. If you were to use/improve this indicator, please use it with other indicators to confirm your position. This is NOT an indicator that can be well used alone.

Sürüm Notları

I have changed the verification requirements a bit, so that it is a bit more consistent and accurate.
The Indicator is now a '^' instead of a 'B'

Enjoy!

Sürüm Notları

Got rid of useless variables in the pine script and change some names to make it easier to read and understand.
Changed the color of the '^' buy character from the he code '#7FFF00' to the color 'color.lime'.

Enjoy and add any suggestions in the comments!

Açık kaynak kodlu komut dosyası

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.

For quick access on a chart, add this script to your favorites — learn more here.

xavlumme

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

Açık kaynak kodlu komut dosyası

For quick access on a chart, add this script to your favorites — learn more here.

xavlumme