Continuing deeper and stronger with the screeners' educational serie one more time
I - Concept
This is the first flexible screener I'm releasing. Screener detecting a convergence whenever the MACD and MM cross are giving a signal in the same direction. Those who know me from TradingView ... are aware that I'm big on convergences. I totally think that 1 indicator isn't enough - whatever the timeframe. But building my own convergence detection systems has been fruitful for me
II - How did I set the screener
The visual signals are as follow:
- square: MACD + MA cross convergence. - diamond: Only MACD is selected - circle: Only MA cross is selected
Then the colors are:
- green when bullish - red when bearish
Example
Below, I highlighted why we see diamonds on the top screener panel. This is because I only selected the MACD filter
Cool Hacks
Don't forget that you can add the same indicator multiple times on your chart :)