Hey there, I am always looking to enhance my tools for trading and today I found this in Library. This is the Ultimate MACD. This look is the four hour view. This was created by Chris Moody a trading Pro on this platform. I like changing histograms, they are excellent indicators of a change. The signal line is cool too because it also signals entry and exits . Its pretty simple to use! A Green entry with a Green histogram indicates your trade is long until the signal line turns red. Red on Red indicates a short is in play until you get a green signal. Cant get any easier! And it works on any timeframe!
Take a look at how well it correlates to the movements.
What a great tool!
I almost forgot to mention, I used the edit settings to hide the MACD in black. This allows me to unclutter the tool and focus on the signal.
HAVE FUN!!!!
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Dear All,
Here are the directions to get this tool. 1) Click your indicator icon on your chart 2) use search and type "MacD" exactly! 3) The tool will show up as Macd Custom....by Chris Moody. 4) That's the bandit 5) Click to load and further customize if you need to for your satisfaction. Have Fun