Black Cat MACD | Easy to Identify the Trend of the Market

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Black Cat MACD
#shorts

https://www.tradingview.com/script/elLlG7Rj-blackcat-L1-MACD-with-Overbought-and-Oversold-Detection/

Background

This MACD is designed with unique oversold and overbought detections, which you may not sell or buy immediately. You may need to watch the trend movements and decide to buy or sell on the current or next gold cross and dead cross respectively.

Function

Add oversold and overbought detections for MACD to locate the proper entry point.

Pros and Cons

It assists you to locate a rough zone for overbought and oversold in the classic MACD indicator. Classic MACD indicator does not have this function.