Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Modified MACD without histogram, using SMA instead of EMA and a higher and lower band to make it easy to compare the current momentum push to the last momentum push.
higher and lower band to make it easy to compare the current momentum push to the last momentum push - What does this mean? thanks
shtcoinr
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@ramasamys03, It means the MACD turns green if the current MACD is higher than the average of the highest MACD readings, the average of the highest and lowest MACD readings are visible as dotted lines.
HomieSingh
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This indicator is exactly I was looking for, Would you recommend using the default settings for 5/15m or changing them to 12,26,9?
shtcoinr
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@ghoXt3333, the numbers i used was based on Adam Grimes setup, use whatever works for you, its just a MACD with some added visuals anyways