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INVITE-ONLY SCRIPT
Updated

(VIP) MACD & Stochastic Alignment Oscillator v2

2 180
Oscillator is combining MACD with Stochastic oscillator. When both, MACD and Stochastic are aligned with direction of trend, it improves probability and strength of such signal. There's possibility to also activate second Stochastic as additional confirmation of the signal. One of winning setup is to keep MACD settings standard - 12,26,9 and both Stochastics with slightly longer settings - 14,7,7 & 21,14,14. Figures at top are displaying trend coming from MACD . Background is coloured when all signals are aligned. Stochastic is generated signal only if it travelled back recently from overbought/oversold zone - this improves reliability of generated signals.

Alerts are included to inform when trend is aligned.

If you're interested in access for oscillator, please DM me on Tradingview.com ;)
Release Notes
Added identification of divergences + alerts
Release Notes
Bugfixes, optimization of calculations & reverted background color based on alignment of MACD and Stochastic
Release Notes
  • Added possibility to switch calculation in Stochastic of MA from SMA to EMA
  • Cleaned up UI of settings (inputs) of the indicator
Release Notes
- divided Divergence Alerts into Bull/Bear (request from Patreon Supporter)

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact skyline-trader directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.

skyline-trader
DivergencedivergencedetectiondivergencesMoving Average Convergence / Divergence (MACD)macdcrossmacd_stochasticStochastic Oscillator

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
DivergencedivergencedetectiondivergencesMoving Average Convergence / Divergence (MACD)macdcrossmacd_stochasticStochastic Oscillator

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact skyline-trader directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.

skyline-trader

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.