DOUBLE MACD[jackieee]
Description
This is a double MACD indicator based on the default MACD, designed to help identify both the higher-timeframe trend and the lower-timeframe rhythm at the same time.
The first MACD is recommended to be set to 55, 89, 1, and is used to identify the main trend on the higher timeframe. The second MACD is recommended to be set to 13, 21, 1, and is used to identify pullbacks within the larger trend, or smaller trend movements on the lower level.
In practice, the first MACD can be used to define the overall market direction, while the second MACD helps track whether a pullback is ending and whether a continuation opportunity is forming. This makes it easier to read both the larger trend and the smaller price rhythm within the same framework.
Reminder
please open the indicator style settings and untick the top “plot” line, otherwise an extra price line will appear and may affect chart readability.
This is a double MACD indicator based on the default MACD, designed to help identify both the higher-timeframe trend and the lower-timeframe rhythm at the same time.
The first MACD is recommended to be set to 55, 89, 1, and is used to identify the main trend on the higher timeframe. The second MACD is recommended to be set to 13, 21, 1, and is used to identify pullbacks within the larger trend, or smaller trend movements on the lower level.
In practice, the first MACD can be used to define the overall market direction, while the second MACD helps track whether a pullback is ending and whether a continuation opportunity is forming. This makes it easier to read both the larger trend and the smaller price rhythm within the same framework.
Reminder
please open the indicator style settings and untick the top “plot” line, otherwise an extra price line will appear and may affect chart readability.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。