Auto MACD

Auto MACD Signals automatically defines the most efficient periods (Fast and SlowEMA period), during which the accuracy of the signals on a given chart is at its highest. Depending on a symbol and time period, the accuracy of the indicator signals can reach more than 90%. Buy and sell signals are formed when changing the direction of the histogram. Period efficiency and signal accuracy values are displayed in the upper left corner of a price chart.  After the most efficient periods is found for MACD, the indicator itself is constructed. Buy and sell signals are also displayed on a price chart.

Features

• Auto detection of the best RSI period in terms of the highest signal accuracy;
• Editable overbought/oversold areas;
• Editable number of history bars to calculate the indicator (Nbars);
• Buy/sell arrows;
• Text and audio signal alerts;
• Editable indicator and level line color and type;
• Support for 4 and 5-digit quotes.

Inputs

• applied_price (default=PRICE_CLOSE) - price used for the indicator calculations;
• Nbars (default=500) - bars used for the indicator calculations;
• period_min (default=2) - minimum indicator period;
• period_max (default=100) - maximum indicator period;
• Show_Arrows (default=true) - enable/disable buy and sell signals on a price chart;
• UseSound (default=true) - enable/disable audio alerts when buy or sell signals appear;
• UseAlert (default=true) - enable/disable text alerts when buy or sell signals appear.