OPEN-SOURCE SCRIPT
Highlighter Strategy

OG
BTCUSD
Based on Normalized Smoothed MACD by Dreadblitz
Updated slightly the rules about when it'll take a signal, and made it an overlay so that you see "green" and "red" on the price bar.
Things you might want to do when using it.
- Add a stoploss/trailing stop probably a MA of your choosing.
- Check different time frames to confirm a strong entry
Based on Normalized Smoothed MACD by Dreadblitz
Updated slightly the rules about when it'll take a signal, and made it an overlay so that you see "green" and "red" on the price bar.
Things you might want to do when using it.
- Add a stoploss/trailing stop probably a MA of your choosing.
- Check different time frames to confirm a strong entry
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.