mp6140
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MP -- my super duper ace in the hole master of the time/space continuam macd/ma cross
Whew -- thats a mouthful
came up with this indicator about a year ago and found, over time, that i kept referring to it to spot trend and direction of the currency in any timeframe.
While its no great shakes, It does tell an awful lot about whats happening, how far a run may go and also makes one fine pizza !
It fits into ONE indicator panel and is a little tricky to set up if you dont know how to combine indicators into a single panel, but here goes.
MACD --- FAST (1), slow (5), MACD SMA (10) COLORS ARE -- MAIN (silver), SIGNAL (Magenta)
MOVING AVERAGES -- (2) exponential, yellow, applied to close, (5) simple, red, close
(12) exponential, Peru, close / (20) simple, lime, close / (50) exponential, Aqua, close.
Horizontal line --- (0.00) white
to set these up, you first build the MACD, then when you ADD another MA, you set it originally to "previous indicators data" in the "apply to" window --- once it has "stuck" to the previous indicator, you can then change it to its final "apply to", which in all cases is "close". Once the complete indicator is built, add the (0.00) horizontal white line.
on the chart i uploaded, note the white arrows on the MACD thingie ? when i went to copy it, the magenta line (macd) had not yet gone thru the agua line (50 ma), but not appears it wants to move up ALTHOUGH we wait here because the second and lower arrow HAS NOT broken thru or done anything but come to a point (thats those green, red and yellow lines)
First signs of breakthrough are the yellow line moving above the red line and you look up to your chart and see where the red or blue dots are, which are support and resistance. Continued breakthru of the other moving averages constitutes a LARGE move, and the magenta MACD line will show DIVERGENCE if a reverse is coming up.
It shows divergence by . . . . . . . . diverging ! What a concept ! On the longer timeframes it tends to act as a simple indicator, but on the shorter timeframes, if youre long and approaching resistance dots, you will prob see the MACD (magenta) has already turned down and is heading down, giving you an early warning of the reversal to come soon !
you may use any colors you wish, but if you use mine, youll immediately know what the indicator is saying on any chart i display, and will be able to say such really techie stuff like "the green one is above the yellow one and the red one is going thru them both and I think its going down !"
see, thats how we guru's talk to each other ! (LOL)
enjoy and trade well you useless twits
mp
Whew -- thats a mouthful
came up with this indicator about a year ago and found, over time, that i kept referring to it to spot trend and direction of the currency in any timeframe.
While its no great shakes, It does tell an awful lot about whats happening, how far a run may go and also makes one fine pizza !
It fits into ONE indicator panel and is a little tricky to set up if you dont know how to combine indicators into a single panel, but here goes.
MACD --- FAST (1), slow (5), MACD SMA (10) COLORS ARE -- MAIN (silver), SIGNAL (Magenta)
MOVING AVERAGES -- (2) exponential, yellow, applied to close, (5) simple, red, close
(12) exponential, Peru, close / (20) simple, lime, close / (50) exponential, Aqua, close.
Horizontal line --- (0.00) white
to set these up, you first build the MACD, then when you ADD another MA, you set it originally to "previous indicators data" in the "apply to" window --- once it has "stuck" to the previous indicator, you can then change it to its final "apply to", which in all cases is "close". Once the complete indicator is built, add the (0.00) horizontal white line.
on the chart i uploaded, note the white arrows on the MACD thingie ? when i went to copy it, the magenta line (macd) had not yet gone thru the agua line (50 ma), but not appears it wants to move up ALTHOUGH we wait here because the second and lower arrow HAS NOT broken thru or done anything but come to a point (thats those green, red and yellow lines)
First signs of breakthrough are the yellow line moving above the red line and you look up to your chart and see where the red or blue dots are, which are support and resistance. Continued breakthru of the other moving averages constitutes a LARGE move, and the magenta MACD line will show DIVERGENCE if a reverse is coming up.
It shows divergence by . . . . . . . . diverging ! What a concept ! On the longer timeframes it tends to act as a simple indicator, but on the shorter timeframes, if youre long and approaching resistance dots, you will prob see the MACD (magenta) has already turned down and is heading down, giving you an early warning of the reversal to come soon !
you may use any colors you wish, but if you use mine, youll immediately know what the indicator is saying on any chart i display, and will be able to say such really techie stuff like "the green one is above the yellow one and the red one is going thru them both and I think its going down !"
see, thats how we guru's talk to each other ! (LOL)
enjoy and trade well you useless twits
mp
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