MACD AZT
Strategy Premise
Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price MACD is calculated by subtracting the long-term EMA (26 periods) from the short-term EMA (12 periods) The MACD has a positive value whenever the 12-period EMA is above the 26-period EMA and a negative value when the 12-period EMA is below the 26-period EMA.
Strategy Logic
Long Entry: When Signal Length Cross over MACD, Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and SE
Short Entry: When Signal Length Cross under MACD, Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and LE
MACD Strategy Parameters for TradingView Charts
FastLength : 12-period EMA
SlowLength : 26-period EMA
Intraday Trade Session: Entry Trade Will be Taken only in this session.
EXIT Session: Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.
Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price MACD is calculated by subtracting the long-term EMA (26 periods) from the short-term EMA (12 periods) The MACD has a positive value whenever the 12-period EMA is above the 26-period EMA and a negative value when the 12-period EMA is below the 26-period EMA.
Strategy Logic
Long Entry: When Signal Length Cross over MACD, Send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit and SE
Short Entry: When Signal Length Cross under MACD, Send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit and LE
MACD Strategy Parameters for TradingView Charts
FastLength : 12-period EMA
SlowLength : 26-period EMA
Intraday Trade Session: Entry Trade Will be Taken only in this session.
EXIT Session: Trades will be squared off in this timeframe
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit
Setting Up Alert
Before setting up an alert make sure that You have selected the desired script, timeframe, strategy settings, API bridge is configured and running. Click in settings add alert and paste {{strategy.order.comment}} in message box.
Important: do not change any settings during live trading.