has1988

MACD Histogram/Area

It´s just the histogram of the MACD . (Actually it´s not a histogram, I like the Area visualisation more. But you can switch.)

When I´m using the MACD , I´m just searching for a divergence between Price and the MACD-histogram. I´m not interested in the MACD-signalline or the MACD-line in any way. As you can see, The omission of them leads to better visualisation. It´s much easier to spot a divergence. On the one hand because that way the histogram scales bigger, on the other hand becauce the lines can´t overdraw the histogram.
Rules bullish Divergence: Price makes a lower low, oscillator makes higher low.
Rules bearish Divergence: Price makes a higher high, oscillator makes lower high.
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Comments

Hi. Cool!

Do you know how to make "AUTO divergence" indicator ? Which can show divergence.

I try make it.. but it's hard.....
+4 Reply
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