Couple Reasons WHY Phoenix 1.119 Better Than MACD; There's MORE.
This Tutorial is to show WHY I prefer Phoenix 1.119 over MACD. I used to be a big advocate of MACD until Phoenix 1.119. There are actually MANY reasons WHY Phoenix 1.119 is better than MACD. I only provided a couple of reasons in this video publication. If you find an indicator providing similar information to Phoenix 1.119 and you are curious how it measures up, let me know what it is. HOWEVER, I want you to check for yourself first before getting me to compare. Simply use vertical time lines to compare to see which one lags more. Also, does the one you want to compare to Phoenix 1.119 offer any sign of WHEN you are nearing exhaustion.
Looking back at this video now... I can see how I could have done MUCH BETTER to prove how Phoenix 1.119 is better than MACD. I should have emphasized the White Energy more in multiple time frames. I should have went down to lower time frames to point out how the Green was higher than the Energy during that time to let us know we were still bullish. The MACD cannot show us that in the same lower time frames. MACD is a "lagging" indicator.