BEST MA Cross/MACD Screener

The BEST MA Cross/MACD Screener indicator allows traders to monitor multiple instruments simultaneously for trend convergences between Moving Average crosses and MACD signals. By consolidating multi-asset analysis into a single pane, it helps identify high-probability trend alignments across various timeframes and symbols.

Usage

The Usage section describes how to interpret the visual output on the screener panel. Each tracked instrument is displayed with a specific shape indicating the signal type:

• Square: Convergence detected. Both the Moving Average cross and the MACD are providing a signal in the same direction.
• Circle: Only a Moving Average cross is currently active.
• Diamond: Only a MACD signal is currently active.

Colors represent the trend direction:

• Green: Bullish signal or trend.
• Red: Bearish signal or trend.
• Blue/Neutral: No clear signal detected based on the current settings.

Traders can add the script multiple times to the chart to track more than four instruments or to compare different timeframe configurations for the same assets.

Details

This tool is built on the concept of trend convergence, where multiple independent indicators must agree to validate a stronger market bias. The script calculates a Moving Average crossover (using two customizable MA types and lengths) and a standard MACD (Moving Average Convergence Divergence) signal line cross.

The implementation utilizes the request.security() function to fetch data for up to four different symbols. It supports a wide array of Moving Average types including SMA, EMA, WMA, VWMA, HullMA, DEMA, TEMA, and SMMA, providing flexibility for different trading styles from scalping to swing trading.

Settings

Instruments

• Instrument 1 - 4: Define the ticker symbols you wish to monitor (e.g., "BINANCE:BTCUSD").

MA Cross Settings

• MA CROSS: Toggle to include or exclude Moving Average cross signals from the screener.
• Type of Moving Average 1/2: Selection of the MA algorithm (SMA, EMA, etc.) for the fast and slow lines.
• Length of Moving Average 1/2: The lookback period for the respective Moving Averages.

MACD Settings

• MACD: Toggle to include or exclude MACD signals from the screener.
• Fast Length: The period for the fast EMA calculation in the MACD.
• Slow Length: The period for the slow EMA calculation in the MACD.
• Signal Length: The smoothing period for the MACD signal line.

FAQ

How do I interpret a square signal?

A square signal indicates "convergence," meaning both your selected Moving Average cross and the MACD indicator are pointing in the same direction, suggesting a more robust trend.

Can I track more than 4 symbols?

Yes, you can apply the indicator to your chart multiple times and configure different symbols in each instance to create a larger screening dashboard.

How can I get access to the BEST MA Cross/MACD Screener?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.