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MACDXover

This indicator helps you to find price that may cause MACD Signal crossover on the current bar.. These crossover points are depicted in form of stars (like Parabolic SAR).
prevEMA line also helps you to decide the trend.

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How to use:
MACDSignalStars (Violet) stars displayed are the the prices that make the MACDmain = MACDsignal.

  • If the close price is higher than the star, then MACDmain > MACD signal.
  • If the close price is lower than the star, then MACDmain < MACD signal.

BUY SIGNAL
  • Previous Close is lower than Previous Star.
  • Current Close is higher than Current Star.
  • Current Close is above the prevEMA line several bars later.
  • Both Stars are not below the candles inspected.

SELL Signal
  • Previous Close is higher than Previous Star.
  • Current Close is lower than Current Star.
  • Current Close is lower the prevEMA line several bars later.
  • Both Stars are not above the candles inspected.

Input Description:
  • MA_Period_short: Fast EMA used for MACD. Must be larger than 1.
  • MA_Period_long: Slow EMA used for MACD. Must be larger than MA_Period_short.
  • MACDperiod: SMA used for MACD signal. Must not be larger than MA_Period_long
  • zeroX_mode: In addition of MACD Signal crossover, the program also draw MACD Zero crossover points.
  • applied_price: Prices to be applied to the indicator. You can apply Close, High, or Low price.

Output Description:
  • prevEMA: A long-term EMA that shifted by 1 bar forward. Use this to confirm signals generated by this indicator.
  • MACDSignalStars: MACD-Signal Crossover points. The main indicator.
  • MACDZeroStars: MACD-Zero Crossover points. Not used by default. It's signal interpretation is similar to BUY and SELL signal given above.
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CURRENTLY 26% OFF !! Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the potenti
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Scalper Vault is a professional scalping system which provides you with everything you need for successful scalping. This indicator is a complete trading system which can be used by forex and binary options traders. The recommended time frame is M5. The system provides you with accurate arrow signals in the direction of the trend. It also provides you with top and bottom signals and Gann market levels. The indicator provides all types of alerts including PUSH notifications. PLEASE CONTACT ME AFT
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Are you using Awesome Oscillator? Wonder at which High and Low prices this indicator colored Green? Red? This indicator helps you determine those limits. GET 20% OFF for renting for 1 year! Yellow line is called Upper Line, and Red line is Lower Line. BUY SIGNAL In this case, last bar's AO color would be colored Green. Both Open and Low Price above the Lower Line. Close price crosses the Upper Line from below. SELL SIGNAL In this case, last bar's AO color would be colored Red. Both Open and
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Version 1.53 2019.01.22
Now you can apply High/Low prices as an input, instead of Close price only.
Version 1.52 2019.01.11
Description rewrited, and now star size is adjustable.
Now the indicator will notify you when there are inputs has invalid values (and also repair them).
Version 1.5 2018.12.31
1.05 Changelog

- Adjust MACDperiod automatically when MACDperiod = 1
- More "larger" stars for your convenience