PROTECTED SOURCE SCRIPT

Cyatophilum MACD Hist [ALERT SETUP]

Updated
Hello, I made a classic MACD Histogram indicator, with custom alerts and parameters though.

Shapes
Green circles : The MACD histogram is reversing, this is a buy (or Long) signal.
Red circles : The MACD histogram is reversing, this is a sell (or Short) signal.
Green Arrow up : The MACD histogram is enduring a bear fakeout. This is a buy signal.
Red Arrow up : The MACD histogram is enduring a bullfakeout. This is a sell signal.

Parameters ( INPUTS )

Classic MACD parameters.
Sensitivity : (1 = really sensitive to reverals and fakeouts - 5 = much less sensitive)
Activate Fakeouts : default is true. Uncheck to deactivate fakeout on chart /!\ will also deactivate fakeout alerts

Alerts (Automated trading alerts : SMS, email, etc.) that you can create :
Buy : a buy signal that will trigger on a bull reversal or a bear fakeout. No more than one buy/sell signal in a row (You will not get multiple buy signals or multiple sell signals in a row)
Sell : a sell signal that will trigger on a bearreversal or a bullfakeout. No more than one buy/sell signal in a row (You will not get multiple buy signals or multiple sell signals in a row)
Buy (Bull Reversal) : a buy signal that will trigger on each bull reversal.
Buy (Bear Fakeout) : a buy signal that will trigger on each bear fakeout.
Sell (Bear Reversal) : a sell signal that will trigger on each bear reversal.
Sell (Bull Fakeout) : a sell signal that will trigger on each bull fakeout.

If you like, leave a comment, thanks! If you find any bug, thanks for telling me!

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I am selling access to private scripts and backtests that can be found on my website.

I am also open to commissions : TradingView's PineScript development, reverse engineering.

Thanks.
Release Notes
Small visual update
alertsalertsetupfakeoutMoving Average Convergence / Divergence (MACD)macdhistogramreversal

Protected script

This script is published closed-source and you may privately use it freely.

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