OPEN-SOURCE SCRIPT

macd sma20

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### MACD_sma20 – Multi-Timeframe MACD Pullback & SMA20 Dashboard

This script is a complete trading toolkit built around a **MACD pullback strategy** combined with **multi-timeframe SMA20 filters**, volume analysis, and a compact information panel.

It is designed for traders who like to:

* Trade **MACD pullbacks above the moving average**
* Track **key SMA20 levels across multiple timeframes** (Daily, 3-Day, Weekly, Monthly)
* Quickly see whether **current price is above or below those reference levels**
* Use **clean visual signals** for entries and exits, instead of staring at raw indicator values

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### Core Features

#### 1. MACD Pullback Long Signal (Green Triangle Up)

The script detects a **bullish MACD pullback** pattern:

* MACD line is still **above** the signal line
* Both MACD line and histogram **pull back** for several bars
* Then MACD turns back up again, with price trading **above the local SMA20**

When this “pullback and re-acceleration” is confirmed, a **green triangle below the bar** is plotted as a **long entry signal**.

There is also an optional filter:

* **Weekly SMA20 filter**:
If enabled, long signals are only triggered when **current price is above the Weekly SMA20**, helping you stay on the right side of the higher-timeframe trend.

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#### 2. Bearish Pullback Confirmation Signal (Red Triangle Down)

On the short side, the script detects a **bearish pullback confirmation** based on:

* A recent **high-volume bearish candle** (large down bar with volume above a multiple of the 20-period volume average)
* At least a minimum number of **negative MACD histogram bars**
* MACD line moving closer to the signal line (loss of momentum)
* Price recovering back up near the **top of that high-volume bearish candle**, then starting to fall again while MACD stays positive

When all conditions align, the script prints a **red triangle above the bar**, indicating a **bearish pullback confirmation** – often a good area to take profits on longs or consider short/hedge setups.

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#### 3. Signal History Tracking

For both long and short signals, the script internally tracks the **most recent three signals**:

* Timestamp of the signal
* Price at the signal
* Short-term percentage change into the signal

This is mainly for internal use and future expansion, but already gives you a structured signal history if you want to extend or connect the logic later.

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### Multi-Timeframe SMA20 Dashboard (Bottom-Right Panel)

One of the most useful parts of this script is the **compact dashboard table** in the **bottom-right corner** of the chart. It updates in real time and shows:

1. **Current Price**
2. **Daily SMA20** – value + whether price is above/below
3. **3-Day SMA20** – value + whether price is above/below
4. **Weekly SMA20** – value + whether price is above/below
5. **Monthly SMA20** – value + whether price is above/below
6. **RSI** (current timeframe)

For each timeframe’s SMA20:

* If **price ≥ SMA20**, the status cell is **green** with a ✓
* If **price < SMA20**, the status cell is **red** with a ✗

This gives you, at a glance:

* Is the market in a **short-term uptrend or downtrend** (Daily SMA20)?
* Is the **swing / position trend** healthy (3D & Weekly SMA20)?
* Is the broader **macro structure** supportive (Monthly SMA20)?

You don’t need to manually switch timeframes or add multiple moving averages – the script does all of that for you automatically using `request.security`.

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### Alerts

The script comes with two built-in alert conditions:

* **MACD回踩转多信号 (MACD pullback bullish signal)**
* **空头回抽确认信号 (Bearish pullback confirmation signal)**

You can attach TradingView alerts to these conditions to get notified whenever a new long or bearish-confirmation setup appears, even when you’re not watching the chart.

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### How to Use It in Your Trading

1. **Choose your main trading timeframe**

* For intraday swing: 15m / 1h / 4h
* For swing / position: 4h / Daily

2. **Watch the bottom-right SMA20 panel**

* If most higher-timeframe SMA20 rows are **green**, you are trading **with the larger trend**.
* If they are **mixed or mostly red**, you’re either counter-trend or in a choppy transition zone.

3. **Use the green MACD pullback signals**

* Prefer long setups when:

* The **Weekly and Monthly SMA20 rows are green**, and
* The signal appears **above the Daily SMA20**
* This stacks multiple edges: trend + pullback + momentum re-acceleration.

4. **Use the red bearish confirmation signals for risk management**

* Take partial profits on longs when a red signal appears near resistance.
* Consider hedge/short opportunities if higher-timeframe SMA20 rows are already red or turning red.

5. **Use RSI as a context indicator**

* Combine with overbought/oversold zones or your own RSI thresholds for additional confirmation.

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### Why This Script Is Useful

* **Trend awareness across timeframes**:
You always know where current price sits relative to the Daily / 3-Day / Weekly / Monthly SMA20 – without switching charts.

* **Clear, rule-based signals**:
The MACD logic is explicit and systematic, focused on **pullbacks within trends** rather than random crossovers.

* **Volume-aware bearish logic**:
High-volume bearish candles often mark important supply zones. The script builds this idea directly into the short-side confirmation logic.

* **Visual and intuitive**:
Green/Red triangles + Green/Red table cells make it easy to interpret even if you are not a heavy indicator user.

* **Flexible**:
All key parameters (MACD lengths, SMA length, volume threshold, lookback period, RSI length, weekly filter) are customizable, so you can adapt it to different markets (crypto, stocks, FX) and timeframes.

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In short, this script is a **multi-timeframe MACD pullback system with an integrated SMA20 dashboard**, suitable for swing traders and position traders who want a structured, visually clean way to align entries with trend and momentum while keeping an eye on higher-timeframe levels.

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