MACDRSI+[pAulseperformance]

30 jul 2024

What is it?

Multi-Time Frame realtime non-repainting signals based on modified MACD with secondary confirmation using modified RSI.

IDEA
Taking advantage of the new force_overlay parameter we can now combine multiple oscillators in better ways.

This indicator does just that.

It is a combination of MACD and RSI.

Both of the underlying indicators have been designed to improve trading based on signals that I frequently use during my trading.

The main indicator is the dynamic MACD with realtime multi-time frame divergence.

Candles are highlighted based on the current time frame and price points are marked with lines between the high and low divergent points.

The HTF indication shows up in the table and with a thicker line between the points.



The MACD has two modes.
Scalper: is basic settings on the MACD and will be better suited for intraday trading.
Swing: Will filter the MACD and allow for larger moves to become present.



The RSI is also multi-time frame and shows on the main chart as bands. 90 80 and 70 bands will show with the 80 band showing as highlighted.
These bands will allow you to use the close as the current value of the RSI respective of the bands.


Trading
Look for divergence. Check higher TF align with same trading direction.
In this example we have divergence on two timeframes.

So we could take an entry.

25 nov 2024

Notas de prensa

- Fixed Markers to show on Both Main Chart, Sub-pane and Both
- Added table display to show on Main Chart or Sub-pane.
- Added color themes, size, and position features for table.
- Added RSI bands limit to show last X values to clear noise from chart.
- Added bar limit to reduce computation time of indicator if times out.
- Increased performance and loading time of script substantially.
- Upgraded to Pine Version 6