The Reverse MACD Cross + Histogram Divergence is in essence the same MACD you all know and love with two added features which can be used to assist the end-user in their decision making for entry, exit and risk management.
The first feature is a Reverse MACD Cross price, which very basically is a smoothed reverse engineered calculation of the MACD Signal Line in relation to the current price level. At a glance this can then be used to determine the closing price level needed in order to cross the MACD either up or down.
The second feature is visual MACD Histogram regular as well as hidden divergences. This feature was added as MACD histogram divergences are not as easy to spot as on the RSI for example, and can help the end-user train their eyes in order to spot them more accurately.
Divergence colors and description: ------------------------------------------ Green : Regular Bullish Divergence White : Hidden Bullish Divergence Red : Regular Bearish Divergence Orange : Hidden Bearish Divergence
Optional settings include: ------------------------------- 1.) Show the Histogram only (Hide the MACD and Signal lines) 2.) Show/Hide the Reverse MACD Cross label 3.) Change the Reverse MACD Cross label text size 4.) Change the Reverse MACD Cross label left margin 5.) Show/hide the Reverse MACD Cross label currency 6.) Change the Reverse MACD Cross label decimal value 7.) Show/hide the MACD Histogram Divergence lines 8.) Change the MACD Histogram Divergence line offset 9.) Show/hide the MACD Histogram Divergence arrows 10.) Change the MACD Histogram Divergence arrow offset 11.) Change the MACD Histogram Divergence lookback (No. of bars to lookback)
Please PM me to obtain access.
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Under the hood tweaks for better performance
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Added the ability to change the MACD Cross Value Text Color in the settings to suit your chart style preferences.
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More under the hood tweaks for better performance
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Code tidy up, and performance tweaks.
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Code tidy up
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Under the hood performance enhancements
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Under the hood tweaks to the divergence algorithm to improve performance
Hello Lynchs, i am unable to message you directly. May i know how to get your approval to have access?
st4gflation
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This looks great. May I try it?
sesquis
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Hi Lynchs, I am interested in your reverse cross price moving average, I have been trying to code this moving average for weeks, without success, I tried to add the signal to an ema(close+-signal,9), and other things, but it doesn’t work. Could you please give me access to your indicator si check if it’s what I need ?
Thank you in advance; Steve
B-AnalysisTrading
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Hello, can you give acces for this indicator ?
Toasted49009
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Hey man your Reverse MACD Cross + Histogram Divergence indicater looks badass! Wondering if I could get a trail? If not no biggie
butinn22
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Hello could you provide an access to this tool ? thank you in advance
usrjsla
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Hello Lynchs, i am unable to message you directly. May i know how to get your approval to have access?
xiscator
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It looks like a great addition. Could you still grant acces?? Thnaks.
charlesgan2016
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Hi, pls grant me access. Like to test on stock trading. Thanks
gerson169
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Dear Lynchs, would appreciate if you could kindly approve my access to the indicator. Thank you!