Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Hi everyone! I wrote this indicator for intraday trading and it cannot be use only by itself you need to at least draw some S/R lines to make it useful. It is based at MACD histogram and gives signal when it sees divergence on MACD's Histogram when macd's histogram switchs trend. Im using it to playing with a trend most of the time looking. It highlights candles which can give good singnals to play with a trend (its based on ema200 and RSI overbought and oversold zones).
Im not a computer programist nor professional trader so it is only for educational purposes only.
As a fresher, I prefer the other two MACD divergence indicators of yours because that two show the lines which can be easily understood. This indicator seems not so clear without lines. O(∩_∩)O
Rexio
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@NextdoorLaoWang, true it could be much clearer with lines but I am not a programist and it was write in spare time to learn more about PineScript ;) I think for now there is plenty much better scripts at TV. This one was write back in the days when dinosaurs walk on Earth ;P