Easy Entry/Exit Trend Colors (With Alerts)

This is an updated version of user Algokid's script called 'AK MACD BB INDICATOR V 1.00'. You can find that original script here:

I added many alerts along with the Bullish and Bearish alerts when the MACD crosses over the Upperband or crosses down on the Lowerband.

I personally use this indicator with Crypto charts ( Bitcoin on a 15min, 1hour, and 4 hour timeframe) as one of many confirmations that it's a good time to enter a trade. This script was made to be easy to follow with the colors of GREEN triangles being a good uptrend or entry confirmation, and RED being a confirmation to sell/short or exit your trade.

It's important to use this indicator in combination with other indicators that can give you more confirmations to enter or exit a trade, and make sure you are on normal candles and not HA or any other candles as you can get wildly inaccurate results.

This script also has the Death & Golden crosses, which is the slow and fast moving averages crossing over each other. I don't use this as an additional confirmation, it's just nice to know where the cross happens.
ملاحظات الأخبار: Fixed scaling issues from Death/Golden Cross. Thanks to @AtomOfScent for catching the bug!
نص برمجي مفتوح المصدر

قام مؤلف هذا النص البرمجي بنشره وجعله مفتوح المصدر، بحيث يمكن للمتداولين فهمه والتحقق منه، وهو الأمر الذي يدخل ضمن قيم TradingView. تحياتنا للمؤلف! يمكنك استخدامه مجانًا، ولكن إعادة استخدام هذا الكود في منشور تحكمه قواعد الموقع. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.

هل تريد استخدام هذا النص البرمجي على الرسم البياني؟


When a candlestick is colored blue, does it mean that there is uncertainty / change in the current trend in this candlestick?
+3 رد
countseven12 nikoletosr
@nikoletosr, I use a little association to remember and read the candle colors, this is just the way I learned it, but you can choose anyway you’d like:

Blue candles (with red outline/halo): Means the temperature(and trend) is dropping, and the bears are in control.
Yellow candles (with red outline/halo): Yellow candles are normally bullish, but that red is causing too much fear to be effective.
Blue candles (with green outline/halo): Slight uncertainty in movement - check the volume color to see which way the trend is moving.
Yellow candles (with green/blue outline/halo): The Suns out and it looks like an uptrend is on its way.
Doji (with outline/halo): Signs of impending action, red and the trend is its heading south, green and the strength is with the Bulls.
Blue candles (with a red outline/halo): The market is continuing its downward trend.
Blue candles (with a green outline/halo): Things are on the turn, better times ahead.
Blue Doji (with a green outline/halo): Is a bullish sign to the upside.
nikoletosr countseven12
@countseven12, thank you!))
+1 رد
Having some scaling issues. As your example image is also using BTC it makes me think there might be a bug.
+2 رد
countseven12 AtomOfScent
@AtomOfScent, Just grab the numbers on the right side and pull them up a few times until it's the size you want. I will look into having it automated fit though.
AtomOfScent countseven12
@countseven12, it's the death cross label causing the problem. If I turn that off it scales properly.
countseven12 AtomOfScent
@AtomOfScent, Thank you - got it fixed! Updated version.
+4 رد
AtomOfScent countseven12
@countseven12, thanks for fixing it.
+1 رد

how to set alert when BULL MACD Appears

i tried to do it but it working sometime and not working sometime

thank you
Thank you for your great effort
I am wondering what type of indicator to use with your indicator to gove more confirmation