OPEN-SOURCE SCRIPT
Updated Barssince Playground (Threshold & Persistence)
Playground file for implementing MACD with threshold values while visualizing the persistence plot, which counts the amount of spent bars since the MACD delta crossed 0 value in either way.
Release Notes
Re-implemented the threshold and persistence logics from groundup. Previous version was buggy due to the sudden changes in trend which resulted in a continuity in persitence count.
Chart upgrade:
- Threshold up/down - purple horizontal lines
- Persistence duration up/down - green/red lines
- Persisted if the persistence counter is above the persistence value - white
- Persisted up/down in case the strategy could trigger - crossshape above, green/red
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.