This simple strategy uses the MACD indicator along with the EMA trend line. For the buy signal, the strategy looks for a cross-over of the MACD line over the signal line and the price is above the 50-period EMA line. The MACD line uses 12 and 26 periods for the MACD and 9 periods for the signal line by default. But the user can change these values. The EMA line uses a 50-period EMA.
Find the complete code here https://facelessfinance.blogspot.com/...
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-- Content --
0:00 Intro
1:13 MACD
2:33 MACD script and Performance
4:11 EMA
6:05 Additional Check
6:40 Complete Script
7:15 Performance
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