OPEN-SOURCE SCRIPT
Barssince Playground (Threshold & Persistence)
Updated
Playground file for implementing MACD with threshold values while visualizing the persistence plot, which counts the amount of spent bars since the MACD delta crossed 0 value in either way.
Release Notes
Re-implemented the threshold and persistence logics from groundup. Previous version was buggy due to the sudden changes in trend which resulted in a continuity in persitence count.
Chart upgrade:
- Threshold up/down - purple horizontal lines
- Persistence duration up/down - green/red lines
- Persisted if the persistence counter is above the persistence value - white
- Persisted up/down in case the strategy could trigger - crossshape above, green/red
Open-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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