OPEN-SOURCE SCRIPT

MACD oscillator with EMA alert version 4H

This is the study/indicator alert version of the macd + ema strategy.

The strategy details are the following :
Is a simple, yet efficient strategy, which is made from a combination of an oscillator and a moving average.

Its setup for 4h candles with the current settings, however it can be adapted to other different timeframes.

It works nicely ,beating the buy and hold for both BTC and ETH over the last 3 years.
As well with some optimizations and modifications it can be adapted to futures market, indexes(NASDAQ, NIFTY etc), forex( GBPUSD ), stocks and so on.

Components:
MACD
EMA
Time condition
Long/short option

For long/exit short we enter when we are above the ema , histogram is positive and current candle is higher than previous.
For short /exit long , when close below ema , histo negative and current candles smaller than previous


If you have any questions please let me know !
4halertBTCcryptoExponential Moving Average (EMA)ETHLONGMoving Average Convergence / Divergence (MACD)shortStocksTrend Analysis

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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