Riz Coloured MACD — Strategy by HolRiz
By HolRiz
Performance Metrics
- Author: HolRiz
- Symbol: BITMEX:XBTUSD
- Timeframe: 5 minutes
- Net P&L: +12,363.00 USD (+246.00%)
- Win Rate: 47.3%
- Profit Factor: 1.172
- Max Drawdown: 5,905.50 USD (37.74%)
- Total Trades: 615
- Sharpe Ratio: 0.348
Description
This is a souped up common or garden MACD . The Histogram is coloured giving a clear visual representation of where we are UpTicking or DownTicking on the Histogram to help support trading decisions. When colour changes from pink to green market is bullish , and visa versa. Very useful as a supporting indicator to confirm other strategies, or even as a standalone strategy to some extent.Alerts are enabled by converting script from a Strategy to a Study, see comments in code.