OPEN-SOURCE SCRIPT
5MSM VISHNU
Updated
5MSM VISHNU Indicator for Trending Markets originally written by patrick1994.
It was originally based on the MACD 12-26 and the 50 bar EMA .
The macd hist is color coded with green as buy and sell as red.
I added an option to use a couple of lower lag ema's (See line 13 - ema_signal).
5MSM VISHNU with MACD Indicator for Trending Markets
Originally written by Trading Rush
Note that the user may choose lower lags to compute the MACD signals
added lower lag ema functions - see lines 21 to 30
added plot for the MACD signal 'hist' - computed in lines 36 to 41
The extra MACD line was added for clarity for the placement of the buy sell signals.
It was originally based on the MACD 12-26 and the 50 bar EMA .
The macd hist is color coded with green as buy and sell as red.
I added an option to use a couple of lower lag ema's (See line 13 - ema_signal).
5MSM VISHNU with MACD Indicator for Trending Markets
Originally written by Trading Rush
Note that the user may choose lower lags to compute the MACD signals
added lower lag ema functions - see lines 21 to 30
added plot for the MACD signal 'hist' - computed in lines 36 to 41
The extra MACD line was added for clarity for the placement of the buy sell signals.
Release Notes
removed exit timestampRelease Notes
target and stoploss line size increased.Release Notes
Renamed long to CE and short to PERelease Notes
early entryRelease Notes
early entry and morning trade time after 9.30Release Notes
target 1 is increased by 10pt.Target 2 is now estimated target line.
Release Notes
hist to +-1Release Notes
TARGET and entry updated.Release Notes
morning trade time changed to 10.00 amRelease Notes
entry time delayedRelease Notes
tyme 945Release Notes
new stoploss level addedRelease Notes
BULL & BEAR rejection limit added.Release Notes
Target and stoploss is maskedRelease Notes
redused sideways entryRelease Notes
TARGET and STOPloss alert addedRelease Notes
added calc_on_every_tick=trueRelease Notes
adjusted position sizeRelease Notes
added vwap volume based entry.Release Notes
added vwa entry arrowsRelease Notes
forcast addedRelease Notes
added trailing stoploss and trailing target.Release Notes
added supertrend, atrRelease Notes
changed timeRelease Notes
removed prediction part .. its taking time load.. leads script fail.Release Notes
exit logic changedRelease Notes
added filled candles like hikin ashiRelease Notes
refined entry and stoplossRelease Notes
changed ITM to OTM for novice customer for learning purposeadded condition to avoid repetitive alerts
Release Notes
removed extra indicatorsRelease Notes
Added strike price on chartRelease Notes
made changesRelease Notes
created Constant string variable Release Notes
Stop loss icon is also added in the chartRelease Notes
update SToploss icon on PUT side also.Release Notes
added ORB 15MIN DAY BREAKOUTRelease Notes
added orb 15 minute Target tooOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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