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The easy way to explain it would be to watch for the crossing of EMA lines for changes in trend. Also, watch the body of the candles as they get close to a horizontal line (be it a solid or dashed line) for signs of a reversal which would be highlighted a bar or two before with the crossing of the EMA lines. There is also the nonlagdots which can show a change in direction too when used alongside with the above indicators.
If using a larger period, then change the octave's frame.size from 128 to 64 for daily or 8 for monthly.
Can you post a chart marked with a few trades and their exits. Thanks for posting this, by the way.
Quote:
Originally Posted by xard777
The easy way to explain it would be to watch for the crossing of RSI & PPO lines for changes in trend. Also, watch the body of the candles as they get close to a horizontal line (be it a solid or dashed line) for signs of a reversal which would be highlighted a bar or two before with the crossing of the RSI/PPO line. There is also the nonlagdots which can show a change in direction too when used alongside with the above indicators.
If using a larger period, then change the octave's frame.size from 128 to 64 for daily or 8 for monthly.
If this MACD version not repaint - it`s make profit. Very nice ind... . But I wached on it signals on the 1Hour Timeframe... I like 1H and more long tf. Sorry for bad eng. Thanks for this indicator!!!!