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OPEN-SOURCE SCRIPT

MACD Dashboard

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The MACD Dashboard is an addition to my collection of various dashboards that are designed to help traders make wiser decisions.

How to Use MACD Dashboard:
  1. Timeframe Selection: Based on your trading style and preferences, choose the relevant timeframes. In the settings, enable or disable timeframes to focus on the most relevant ones for your strategy.
  2. Dashboard Interpretation: The MACD Dashboard displays green (🟢) and red (🔴) symbols to indicate when the MACD is in green or in the red zone. You can also leverage the MACD values on the dashboard to better interpret sentiment and its changes.
  3. Confirmation and Strategy: Consider MACD Dashboard signals as confirmation for your trading strategy. For instance, in an uptrend, look for long opportunities when the dashboard displays consistent green symbols. Conversely, in a downtrend, focus on short opportunities when red symbols dominate.
  4. Risk Management: As with any indicator, use the MACD Dashboard in conjunction with proper risk management techniques. Avoid trading solely based on indicator signals; instead, integrate them into a comprehensive trading plan.

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.

AlexFuch
Moving Average Convergence / Divergence (MACD)multitimeframeTrend Analysis

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.
Moving Average Convergence / Divergence (MACD)multitimeframeTrend Analysis

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.

AlexFuch

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.