MACD Divergence + MTF Indicator / EMA by @daviddtech Long : * Find Divergence in the MACD line * Multi Time Frame EMA 50 15 minutes above Multi Time Frame EMA 50 60 minutes * MACD and Signal line are below the 0 line * MACD crosses above the Signal line
Short : * Find Divergence in the MACD line * Multi Time Frame EMA 50 15 minutes below Multi Time Frame EMA 50 60 minutes * MACD and Signal line are above the 0 line * MACD crosses below the Signal line
EMA usages instead. * I found that as a strategy this could work better with the 200 EMA line. * Trends reversals also gave good results.
Trend Reversals : * Price is below EMA 200 - Take LONG on divergence. * Price is above EMA 200 - Take SHORT on divergence.
** You may need to turn off MTF ema when using the Simple EMA 200
WARNING: - For purpose educate only - My mission is to debunk fake strategies with code to find THE ONE. - Plots EMAs and other values on chart. - This script to change bars colors.