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MACD Trend Break

MACD oscillator with advanced trend filtering and Alert indication. It determines the trend, weak trends are filtered out and New strength in the trend in indicated.

MACD Oscillator works on any timeframes and on all symbol (currencies, indices, oil, metals, stocks, options, offline renko charts)

1. User can change MACD value,

2. Minimum MACD level filter,

3. Divide value will filter out the power ratio with which trend change indication is needed on any chart.

4. Buffer value will have additional filter to give extra Macd value movement to signal alert after trend has changed.

5. Alert can be selected True or False for additional message popup.


This version is for trade entry signals, where on any chart the trend changes using various level checks on MACD

For exiting trades, user can use any trailing stop loss of their own as needed for trade exits.

Advisable charts timeframes are H1, H4, D1 and equivalent charts on renko price frame.

Best wishes for your trading

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Manoj Kumar Sharma
Indicators
This Indicator is designed to show past trade entries and exits on calculations from level crossed. It can be used on any chart. It will show past losses, profits and profits minus losses. User can change indicator's basic settings and the results shown will change. Indicator will work on running charts too. Past no. of bars will enable indicator to calculate set no. of past period of candles.
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