Trend Indicators Collection

28 Ara 2020

Analyses MACD crosses with Ichimoku cloud direction and state

General idea:
- MACD crosses usually point to a change in trend direction and Kumo state and direction often act as a confirmation as well as a trend strength indicator. Using this, the script points out where there were was or can be a point where the trend change may have the strength to carry on.

Buy warnings:
- This warning will be triggered in two ways, both of them only if MACD is above EMA and the current close price is over Kumo:
- Senku span A crosses over Senku B (Kumo turns positive) when MACD is already positive
- MACD turns positive when Kumo is already positive

Sell warnings
- Triggered in two ways:
- Kumo turns negative when the current close price is bellow EMA
- The inverse of the above, the current close price falls bellow EMA when the Kumo is already negative


Trend Indicators Collection (TIC) contains:
- MACD, EMA, ADX, Mass index, Ichimoku Cloud, and Pivot points
- Best suited for monthly charts with 30m bars

29 Ara 2020

Sürüm Notları

Formula was refined

Now includes: ADX strength analysis, soo warning are only triggered if ADX > 20 in a 25 days span