![]() The indicator captures mouse events, so if you click on a bar it will tell you what signals were generated for that bar. ![]() The indicator will paint bullish or bearish bars user defined colors. It is not that difficult to add additional patterns. The included patterns are listed below, and by no means, are they all inclusive. I added a few patterns I wanted in there. I found that indicator to be of little practical value, but the logic behind the pattern detection to be of immense help. The majority of the patterns are derived from the candlestick indicator included as part of the native NT offering. I wrote this indicator to help quickly identify known bullish and bearish candlestick patterns. UPDATE: I compiled an installable but futures.io wouldn't let me update it so I am re submitting with the. If you want the indicator to generate signals at all times, set all the time bins to -1.Īlso added the ability to select different MA's as the source for the MACD. I found a small bug with the time logic that I corrected. The screenshot shows this indicator with my CandleStickDoctor indicator. If there is a particular strategy you trade off the MACD that is time sensitive, this will allow you to define that time block when you would like to be alerted. You can also define time zones for the alerts. There are several DataSeries you can access for strategies as well as for market analyzers. I still include all the normal data series you can access (Default, Ave, Diff). It changes colors when the MACD and AVE plots cross, showing only one line. So this indicator just shows one colored plot. When the indicator is moving between the OB/OS levels, it is generally not a great time to enter the market.Īlso, I like simple. When a crossover happens in this region, a trend reversal is more likely. ![]() In general, I've found that values between 5 and 10 are good for the OB/OS levels. The indicator will trigger alerts when there is a crossover in OB/OS territory. With this in mind, you can establish OB/OS levels in the indicator. So this will plot with similar values whether you are trading the 6J or the YM. That is difficult to do given the different tick sizes of various instruments. That said, I wanted an MACD that I could define overbought and oversold conditions for. Yes, I know, there are an infinite number of variations on the MACD indicator.
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