INVITE-ONLY SCRIPT
MACD Divergence with Highlights
//version=6
// Copyright (C) 2024 [ramumaurya]. All Rights Reserved.
// Unauthorized copying, sharing, or distribution of this code is prohibited.
// This script is licensed for personal use only. Redistribution, modification, or resale is prohibited without explicit permission.
**📊 MACD Divergence with Highlights — Script Overview 🚀**
---
**🛡️ 1. Script Description:**
- **📌 Script Name:** **MACD Divergence with Highlights**
---
**🎯 2. Purpose:**
- 📊 This script enhances the **Moving Average Convergence Divergence (MACD)** indicator by integrating **automated divergence detection**.
- 🚀 It highlights **bullish** and **bearish divergences** directly on the chart, helping traders identify **potential trend reversals** with **greater clarity** and **efficiency**.
---
**⚙️ 3. How It Works:**
- 🔄 The script analyzes **price action** and **MACD line behavior** to detect divergences.
- 🟢 **Bullish Divergence:** Detected when **price forms lower lows** while the **MACD line forms higher lows**, indicating **upward momentum**.
- 🔴 **Bearish Divergence:** Detected when **price forms higher highs** but the **MACD line forms lower highs**, suggesting a **potential downturn**.
- 🏷️ Divergences are marked with labels on the chart and color-coded areas in the MACD panel for easy interpretation.
---
**📝 4. How to Use:**
1️⃣ Add this script to your chart from the **Indicators menu**.
2️⃣ Use **divergence labels** to identify **potential market reversals**.
3️⃣ Combine this tool with **other indicators** or **price action analysis** to **confirm signals**.
---
**✨ 5. Unique Features:**
✅ **Automatic detection** of bullish and bearish divergences on **all timeframes**.
✅ **Advanced algorithm** minimizes **false signals** and enhances accuracy.
✅ **Clear visual cues** on both the **price chart** and the **MACD panel**.
✅ **Intuitive shading:** 🟢 **Green** for bullish sentiment, 🔴 **Red** for bearish sentiment.
✅ Perfect for **swing traders** and **intraday traders**.
---
**⚠️ 6. Limitations:**
- 🚫 Divergences are **not standalone trade signals**; additional confirmation is necessary.
- 🚫 False signals may occur in **highly volatile** or **ranging markets**.
- 🚫 Divergence effectiveness may vary across **different timeframes**; **testing is recommended**.
---
**📚 7. User Guide:**
- 🕒 **Use higher timeframes** for **stronger divergence signals**.
- 🚫 Avoid relying solely on divergences in **highly volatile** or **consolidating markets**.
- 📊 Always confirm divergences with other **technical analysis tools** (e.g., **RSI**, **Volume**).
---
**📝 8. Disclaimer:**
The script titled "MACD Divergence with Highlights" has been created in compliance with TradingView House Rules and community guidelines.
- ✅ It is an **original work** and does not infringe on **intellectual property rights**.
- ✅ The script does not contain **misleading, inappropriate, or harmful content**.
- ✅ It adheres to **ethical coding standards** and includes **clear instructions** for users.
- ✅ **Transparency** is maintained regarding the script's **purpose**, **functionality**, and **limitations**.
- ⚠️ While every effort has been made to ensure the script functions as intended, "ramumaurya" cannot guarantee flawless performance or suitability for all trading strategies**.
- ✅ Designed to assist with **analysis and decision-making**.
- ⚠️ **Not financial advice**; past performance is **not indicative of future results**.
- 🧠 Traders are advised to **conduct their research** and combine this script with **other tools and strategies**.
- 📚 Understanding the script's **methodology** is recommended for **effective trading practices**.
// Copyright (C) 2024 [ramumaurya]. All Rights Reserved.
// Unauthorized copying, sharing, or distribution of this code is prohibited.
// This script is licensed for personal use only. Redistribution, modification, or resale is prohibited without explicit permission.
**📊 MACD Divergence with Highlights — Script Overview 🚀**
---
**🛡️ 1. Script Description:**
- **📌 Script Name:** **MACD Divergence with Highlights**
---
**🎯 2. Purpose:**
- 📊 This script enhances the **Moving Average Convergence Divergence (MACD)** indicator by integrating **automated divergence detection**.
- 🚀 It highlights **bullish** and **bearish divergences** directly on the chart, helping traders identify **potential trend reversals** with **greater clarity** and **efficiency**.
---
**⚙️ 3. How It Works:**
- 🔄 The script analyzes **price action** and **MACD line behavior** to detect divergences.
- 🟢 **Bullish Divergence:** Detected when **price forms lower lows** while the **MACD line forms higher lows**, indicating **upward momentum**.
- 🔴 **Bearish Divergence:** Detected when **price forms higher highs** but the **MACD line forms lower highs**, suggesting a **potential downturn**.
- 🏷️ Divergences are marked with labels on the chart and color-coded areas in the MACD panel for easy interpretation.
---
**📝 4. How to Use:**
1️⃣ Add this script to your chart from the **Indicators menu**.
2️⃣ Use **divergence labels** to identify **potential market reversals**.
3️⃣ Combine this tool with **other indicators** or **price action analysis** to **confirm signals**.
---
**✨ 5. Unique Features:**
✅ **Automatic detection** of bullish and bearish divergences on **all timeframes**.
✅ **Advanced algorithm** minimizes **false signals** and enhances accuracy.
✅ **Clear visual cues** on both the **price chart** and the **MACD panel**.
✅ **Intuitive shading:** 🟢 **Green** for bullish sentiment, 🔴 **Red** for bearish sentiment.
✅ Perfect for **swing traders** and **intraday traders**.
---
**⚠️ 6. Limitations:**
- 🚫 Divergences are **not standalone trade signals**; additional confirmation is necessary.
- 🚫 False signals may occur in **highly volatile** or **ranging markets**.
- 🚫 Divergence effectiveness may vary across **different timeframes**; **testing is recommended**.
---
**📚 7. User Guide:**
- 🕒 **Use higher timeframes** for **stronger divergence signals**.
- 🚫 Avoid relying solely on divergences in **highly volatile** or **consolidating markets**.
- 📊 Always confirm divergences with other **technical analysis tools** (e.g., **RSI**, **Volume**).
---
**📝 8. Disclaimer:**
The script titled "MACD Divergence with Highlights" has been created in compliance with TradingView House Rules and community guidelines.
- ✅ It is an **original work** and does not infringe on **intellectual property rights**.
- ✅ The script does not contain **misleading, inappropriate, or harmful content**.
- ✅ It adheres to **ethical coding standards** and includes **clear instructions** for users.
- ✅ **Transparency** is maintained regarding the script's **purpose**, **functionality**, and **limitations**.
- ⚠️ While every effort has been made to ensure the script functions as intended, "ramumaurya" cannot guarantee flawless performance or suitability for all trading strategies**.
- ✅ Designed to assist with **analysis and decision-making**.
- ⚠️ **Not financial advice**; past performance is **not indicative of future results**.
- 🧠 Traders are advised to **conduct their research** and combine this script with **other tools and strategies**.
- 📚 Understanding the script's **methodology** is recommended for **effective trading practices**.
Skrypt tylko na zaproszenie
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