MACD Renko Locked Signals

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MACD Renko Locked SignalsMACD Renko Locked SignalsMACD Renko Locked SignalsMACD Renko Locked SignalsMACD Renko Locked Signals

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# MACD Locked Signals (Non-Repainting)

This indicator provides clear Buy and Sell signals based on the classic MACD strategy, enhanced with a **State Memory** system to prevent signal spamming and ensure signal stability.

Designed for traders who want to avoid repainting signals, this script only confirms a trade entry once the bar has closed (`barstate.isconfirmed`).

## 🔍 Key Features

- **Non-Repainting Signals:** All signals are generated only on the confirmation of the bar close. Once a signal appears, it will not disappear or change.
- **State Locking:** The script remembers the last trend state. It will not issue a new Buy signal if the trend is already Bullish, and vice versa. This filters out noise during strong trends.
- **Visual Trend Background:** The background color changes subtly to indicate the current active trend state (Green for Long, Red for Short).
- **Customizable MACD Settings:** Adjust Fast Length, Slow Length, and Signal Length to fit your asset and timeframe.
- **Built-in Alerts:** Ready-to-use alert conditions for automation or notifications.

## ⚙️ How It Works

1. **MACD Calculation:** Computes the difference between two Exponential Moving Averages (Fast & Slow) and a Signal Line (SMA).
2. **Crossover Detection:** Identifies when the MACD line crosses above (Bullish) or below (Bearish) the Signal Line.
3. **State Validation:**
- A **BUY** signal is only triggered if a Bullish Cross occurs AND the previous state was not already Buy.
- A **SELL** signal is only triggered if a Bearish Cross occurs AND the previous state was not already Sell.
4. **Confirmation:** Signals are plotted only after the bar is confirmed closed.

## 📊 How to Use

- **Long Entry:** Wait for the "BUY" label to appear below the bar. The background will turn light green.
- **Short Entry:** Wait for the "SELL" label to appear above the bar. The background will turn light red.
- **Exit:** Consider exiting when the opposite signal appears or based on your own risk management strategy (Stop Loss/Take Profit).
- **Timeframes:** Works on all timeframes. Higher timeframes (1H, 4H, Daily) generally produce more reliable signals.

## 🔔 Alerts

This script includes built-in alert conditions:
- `BUY ALERT`: Triggers when a confirmed Buy signal is generated.
- `SELL ALERT`: Triggers when a confirmed Sell signal is generated.

To set up alerts:
1. Add the script to your chart.
2. Click the "Alert" button in TradingView.
3. Select "MACD Renko Locked Signals" in the condition list.
4. Choose "BUY ALERT" or "SELL ALERT".

## ⚠️ Disclaimer

This tool is for educational and informational purposes only. It does not constitute financial advice. Trading financial markets involves risk. Past performance is not indicative of future results. Always test strategies in a demo environment before risking real capital.

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**Version:** 1.0
**Pine Script:** v6