OPEN-SOURCE SCRIPT
SMACH Indicator v1.0
SMACH Indicator uses 3 signals from MACD, STOCHASTIC and PARABOLIC SAR.
Histogram represents trend direction. If it is greater than 2 or lesser than -2 trend is consolidated and you can trade.
I'm the author of this simple indicator. Feel free to use it as you want.
Follow me on Trading View if you want to be updated on more ideas. Thanks!
Histogram represents trend direction. If it is greater than 2 or lesser than -2 trend is consolidated and you can trade.
I'm the author of this simple indicator. Feel free to use it as you want.
Follow me on Trading View if you want to be updated on more ideas. Thanks!
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.