This is my simple way to quickly see MACD signals without having the MACD taking up space. The one at the bottom is for display to show how this works. A crossover occurs when the arrow flips over. The position of the arrow tells you if it is currently above or below the zero line. You can change the script to overlay and have it show up above or below price...
Made a little update to my trading system. This system is made so that you can easily follow the trend and know when to get out. You still have to know basic market structure to find a good entry.
NB!! I see that i placed the entry wrong on the example, you have too wait for the EMA to go below the MA :)
I have posted the right one at the bottom.
Made a new version of my trading system. I have added a cloud that is made with 45 EMA and 104 MA. Now you can choose where to set trailing stop. As shown in the example you set trailing stop under the cloud.
This is a indicator with some parts of the ichimoku and EMA. It's my first script so i have used other peoples script (Chris Moody and DavidR) as reference cause I really have no idea myself on how to script with pinescript.
Hope that is okay!
I use 20M timeframe but it should work with any timeframe! I have not tested this system much so I would really...
moving average crossover with added functions:
if you want crossover with price set ma1 length to 1, or use as dual ma with both lengths, ability to turn ma's on and off leaving the crossover signals behind, ability to chose ma mode (sma, ema, rma, wma, vwma, swma and alma), ability to chose source (open, high, low, close, hl2, hlc3 or ohlc4).
This is a rework of one of Chris Moody's EMA scripts, but made useful for binary options trading. The color of the indicator is the direction of the trade you should take immediately after the bar closes. This is ideal for 5 minute charts. Overlays are based on EMA crossovers. This is dead simple - green overlay = CALL, red overlay = PUT.
The Moving Average Crossover trading strategy is possibly the most popular
trading strategy in the world of trading. First of them were written in the
middle of XX century, when commodities trading strategies became popular.
This strategy is a good example of so-called traditional strategies.
Traditional strategies are always long or short....
MACD – Moving Average Convergence Divergence. The MACD is calculated
by subtracting a 26-day moving average of a security's price from a
12-day moving average of its price. The result is an indicator that
oscillates above and below zero. When the MACD is above zero, it means
the 12-day moving average is higher than the 26-day moving...
This back testing strategy generates a long trade at the Open of the following
bar when the %K line crosses below the %D line and both are above the Overbought level.
It generates a short trade at the Open of the following bar when the %K line
crosses above the %D line and both values are below the Oversold level.