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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.