MACD Cross over
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hi,
I am currently developing a strategy on MACD crossing zero line.
Below are the question.
- Im planning to execute a buy trade after the first bar of MACD histogram complete and trade will open on the next open of second bar. exit plan for the buy trade, is when 1 bar close below MACD zero line, after MACD crosses zero line.
- Vise versa for sell trade.
Can anyone help me out on this one.
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Thanks @Hadees . But i would like to have with more confirmation on the first bar of histogram which crossing the zero line.
trade open only if the first bar of histogram is closed, then the open bar of histogram act as a trigger to open trade. -
@jidee1705 I dont get what you mean you say you want open on bar close but then you say open as well. if you want more control then 1st condition block use candle id 2 below 0 and then do next condition as candle Id 1 above.
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Yeah, got it. Thank you @Hadees. This is more usefull for my strategy.