Trend Signal

Budget

Posted: 5 years ago

Opened

Description: I want to continue with what we have been working on and combine them into one indicator or maybe 2 (one for BEAR and one for BULL), whichever is easier for you.

Plot BEAR text on the chart above the 4th candle of MACD lines crossing if ALL of the following conditions are met:

1. Within a 5 bar parameter which the 3rd bar is when the MACD lines cross, the two prior bars are BOTH MUST be either MACDDiff > 0 and MACDDiff[1] < Plot1 OR MACDDiff > 0 and MACDDiff[1] > Plot1. Refer to image_1
2. Within a 5 bar parameter, any signal is produced (existing rules): (1) TMA crosses the WMA (2) Trend lines come into alignment (3) RMA crosses 0
3. The 3rd bar after the MACD lines crossing completes as MACDDiff < 0 and MACDDiff[1] > Plot1 below 0

Plot BULL text on the chart below the 4th candle of MACD lines crossing if ALL of the following conditions are met:

1. Within a 5 bar parameter which the 3rd bar is when the MACD lines cross, the two prior bars are BOTH MUST be either MACDDiff < 0 and MACDDiff[1] > Plot1 OR MACDDiff < 0 and MACDDiff[1] < Plot1. Refer to image_2
2. Within a 5 bar parameter, any signal is produced (existing rules): (1) TMA crosses the WMA (2) Trend lines come into alignment (3) RMA crosses 0
3. The 3rd bar after the MACD lines crossing completes as MACDDiff > 0 and MACDDiff[1] < Plot1 above 0
Skills:
image_1.png,image_2.png

Source: guru.com