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Trend Indicators


MACD Pattern Recognizer v2



$97
 
$485

Description

  • Finds swings (based on swing strength) in the MACD Line, the MACD Signal Line, or the MACD Difference Histogram.
  • Labels swings according to their relationship to prior swings.
  • Buy and Sell sequence signals appear on the chart (2 letter code) when a user defined sequence of swings occurs in the price action.
  • Audible alert when a Swing Pattern is found.

Key Features

  • Can send an email when a sequence is detected.

  • Example of user defined Buy Sequence = "LL,LH,HL". In this example, the oldest swing is on the left, and the youngest swing is on the right. So first, a LL must occur, then, the next swing must be a LH, and finally, the last signal to occur is a HL.
  • Additionally, the indicator alerts the user when an impending signal may occur by printing a message to the bottom left of the chart. As in the above example of "LL,LH,HL", and impending signal is one where a "LL,LH" has already occurred, and only the final swing remains (a "HL" in this case) to be found.
  • Swing 2 letter code naming convention as follows:
  • HH - swing with Higher High price than previous High swing
  • LL - swing with Lower Low price than previous Low swing
  • HL - swing with Higher Low than prior Low swing
  • LH - swing with Lower High than prior High swing
  • DT (Double Tops)
  • DB (Double Bottoms)
  • Can be used in Strategy Analyzer or NinjaScript...just reference the "Signal" plot.  Signal will be +1 when a BUY signal is encountered and a -1 when a SELL signal is encountered



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