The script uses following mechanism to give a signal of SELL if multiple parameters evaluated are all passed.
ENTRY- 1. 5 min MACD should be less than its previous tick 2. 15 min MACD should be less than its previous tick 3. 60 min MACD should be less than its previous tick 4. ADX should be more than 12 5. RSI should be less than 40 6. Stochastic %k should have negative cross over with %d 7. Bollinger band lower band value should be less than previous tick
EXIT If the 5 min bar price closes above 5 min EMA , it gives an exit signal.
版本注释
⋅
Added a condition to evaluate MACD on 5 minute time frame whether it is below zero line or not.
when i putting this on chart, it is not showing any trades on it ... am i missing something
makarandpatil
⋅
@rajeshy05, I hope you are marking it as favourite and then adding it on the chart. If you did it right, please go on 5 min since the script is designed for 5 min. It should show you buy and sell signals. Let me know if this helped.