OPEN-SOURCE SCRIPT

neeson macd-vol

49
Neeson MACD-Vol Indicator - Feature Description & User Manual
📊 Indicator Overview
Neeson MACD-Vol is a comprehensive technical analysis indicator that combines MACD, volume, RSI, ATR, and OBV to provide traders with a complete market analysis perspective.

⚙️ Core Features
1. Smooth MACD Analysis
MACD Line Smoothing Filter: Supports three smoothing methods: EMA, SMA, WMA

Crossover Signal Confirmation: Uses closing price to confirm golden/death crosses, avoiding false signals

Signal Filtering Mechanism: Filters frequent false signals based on time and strength criteria

2. Volume Analysis
Extreme Volume Detection: Identifies abnormal high volume and highlights with white histogram bars

Volume Ratio Display: Real-time display of current volume relative to moving average

VOL Labels: Shows volume ratio labels at extreme volume positions

3. Multi-dimensional Divergence Detection
Price-Volume Divergence: Identifies divergence between price and volume

Price-RSI Divergence: Detects momentum divergence for early trend reversal signals

Price-OBV Divergence: Analyzes divergence between money flow and price action

4. Auxiliary Indicators
RSI Indicator: Displays Relative Strength Index with overbought/oversold zones

ATR Indicator: Measures market volatility and identifies high/low volatility periods

OBV Indicator: On-Balance Volume for analyzing money flow and accumulation

🎯 Usage Instructions
Trade Signal Identification
Buy Signals:

🟢 MACD Golden Cross (Orange dots)

🟢 Bullish Volume Divergence (Green triangles)

🟢 Bullish RSI Divergence (Cyan "RSI" labels)

🟢 Bullish OBV Divergence (Cyan "OBV" labels)

⚪ Extreme Buy Volume (White histogram bars)

Sell Signals:

🔵 MACD Death Cross (Blue dots)

🔴 Bearish Volume Divergence (Red triangles)

🔴 Bearish RSI Divergence (Magenta "RSI" labels)

🔴 Bearish OBV Divergence (Magenta "OBV" labels)

⚪ Extreme Sell Volume (White histogram bars)

Parameter Configuration
MACD Parameters:

Fast Length (Default: 12)

Slow Length (Default: 26)

Signal Length (Default: 9)

Volume Parameters:

Extreme Volume Threshold (Default: 2.5x)

Divergence Lookback Period (Default: 20)

Filtering Parameters:

Minimum Bars Between Signals (Default: 5 bars)

Minimum MACD Strength (Default: 0.001)

⚠️ Risk Disclaimer
English Version:
This indicator is for technical analysis reference only and does not constitute any investment advice. Financial market trading involves high risks and may lead to capital loss. Past performance is not indicative of future results. Users should fully understand the relevant risks, conduct their own research, and consult with qualified financial advisors before making any investment decisions. The user assumes full responsibility for their trading decisions and any resulting losses. The author is not responsible for any direct or indirect losses, financial or otherwise, caused by using this indicator.

📄 Copyright Notice
Copyright © 2024 Neeson1987
X/Twitter: neeson1987

All intellectual property rights for this indicator are owned by Neeson1987. This includes but is not limited to the source code, algorithm, visual design, and documentation. No part of this indicator may be copied, reproduced, modified, distributed, sold, or used for commercial purposes without explicit written permission from the author. Personal use is permitted.

Unauthorized reproduction or distribution of this indicator may result in legal action. For licensing inquiries or commercial use, please contact via X/Twitter: @neeson1987.

🔍 Usage Recommendations
Multiple Confirmations: Combine multiple signals for trading decisions

Timeframe Analysis: Verify signal consistency across different timeframes

Risk Management: Always use stop-loss and proper position sizing

Market Context: Consider current market volatility and trend conditions

Continuous Learning: Regularly update parameters and adapt to market changes

Paper Trading: Test strategies in demo accounts before live trading

Journaling: Keep records of trades and indicator performance

🔧 Technical Specifications
Platform: TradingView Pine Script v5

Compatibility: Stocks, Forex, Crypto, Futures, and other financial instruments

Timeframes: All timeframes supported

Update Frequency: Real-time calculation

📞 Support & Updates
For technical support, bug reports, or update notifications:

X/Twitter: neeson1987

Update Channel: Follow X account for latest versions

📈 Happy Trading! | May the trends be with you!

Note: This indicator is continuously improved. Always ensure you're using the latest version for optimal performance.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.