Originally Posted by alp

Dear hua,
I am afraid you are too optimistic about that.
Here's some thoughts:
I am wondering what is the reason for creating numerous MACD-type indicators like the last one? Here we again have one MA subtracted from another. LWMA makes no difference here. The period of slow ma is set to 120. That means it will miss a great part of a trend whem crossing zero.
The purpose of levels is unclear. Should I react on each bar that changed its color and at what moment? On zero bar or after its close? I will definitely win during trending periods and surely loose at whipsaws and false diversions when the market looses momentum but still trending.
If this indicator gives me 200% profit in some future with a current drawdown of 90% I will never use it.
That's that.
Good trading