MACD Strategy AZT
MACD Pine script Strategy for TradingView
Strategy Premise
Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price MACD is calculated by subtracting the long-term EMA (26 periods) from the short-term EMA (12 periods) The MACD has a positive value whenever the 12-period EMA is above the 26-period EMA and a negative value when the 12-period EMA is below the 26-period EMA.
Strategy Logic
Long Entry: When 12 Period EMA is above the 26- Period EMA Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and 12-period EMA is below the 26-period EMA. Send LX, SE
Short Entry: When 12-period EMA is below the 26-period EMA. Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and 12 Period EMA is above the 26- Period EMA Send SX, LE
MACD Strategy Parameters for TradingView Charts
FastLength : 12-period EMA
SlowLength : 26-period EMA
Intraday Trade Session : Entry Trade Will be Taken only on this session.
EXIT Session : Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Strategy Premise
Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price MACD is calculated by subtracting the long-term EMA (26 periods) from the short-term EMA (12 periods) The MACD has a positive value whenever the 12-period EMA is above the 26-period EMA and a negative value when the 12-period EMA is below the 26-period EMA.
Strategy Logic
Long Entry: When 12 Period EMA is above the 26- Period EMA Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and 12-period EMA is below the 26-period EMA. Send LX, SE
Short Entry: When 12-period EMA is below the 26-period EMA. Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and 12 Period EMA is above the 26- Period EMA Send SX, LE
MACD Strategy Parameters for TradingView Charts
FastLength : 12-period EMA
SlowLength : 26-period EMA
Intraday Trade Session : Entry Trade Will be Taken only on this session.
EXIT Session : Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit