Uptrick: Bullish/Bearish Signal Detector – Indicator Guide

Overview

The Uptrick: Bullish/Bearish Signal Detector is a Pine Script v5-powered TradingView tool designed to identify high-probability trading signals by integrating MACD and RSI indicators. This guide explores its functionality, customization options, and practical applications for traders.

Core Features

1. Dual-Indicator Confirmation System

• MACD Momentum Analysis: Tracks trend strength via user-defined fast/slow/signal lengths.
• RSI Threshold Filter: Confirms signals with overbought (>50) or oversold (<50) conditions.

2. Customizable Signal Labels

• Adjust label colors/text for clarity (e.g., green "LONG" for bullish, red "SHORT" for bearish).

3. Anti-Repetition Logic

• Avoids redundant signals by tracking prior conditions, ensuring only fresh trends are highlighted.

How It Works

Signal Generation Process

1. MACD Calculation:

   MACD Line = EMA(fast_length) - EMA(slow_length)  
   Signal Line = EMA(MACD Line, signal_length)  
   Histogram = MACD Line - Signal Line  

2. RSI Validation:

   • Bullish: Positive histogram + RSI >50.
   • Bearish: Negative histogram + RSI <50.

3. Label Plotting:

   • Labels appear only when the signal type changes (e.g., bearish → bullish).

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Practical Usage

Step-by-Step Setup

1. Add Script to TradingView: Paste the Pine Script code.
2. Customize Inputs: Adjust MACD lengths/RSI thresholds per your strategy.
3. Interpret Signals: Enter/exit trades based on "LONG"/"SHORT" labels.

Optimization Tips

• Backtest with different parameters (e.g., fast_length=12, slow_length=26).
• Combine with price action (support/resistance) for higher accuracy.

FAQs

Q: How reliable are the signals?

A: Dual-indicator filtering reduces false positives, but always confirm with market context.

Q: Can I use this for day trading?

A: Yes! Adjust lengths for shorter timeframes (e.g., 5-min charts).

Q: Why does the script skip some potential signals?

A: The anti-repetition logic ensures only meaningful trend changes are flagged.

Conclusion

The Uptrick detector streamlines technical analysis by automating signal identification. Its MACD/RSI hybrid approach offers traders a balanced mix of momentum and strength metrics, making it ideal for both beginners and experts.

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