5MSM MAHESH 15

9 thg 9, 2022

It´s just the histogram of the MACD . (Actually it´s not a histogram, I like the Area visualisation more. But you can switch.)
5min stock market property
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.

11 thg 10, 2022

Phát hành các Ghi chú

possible reversal coloured in orange.

11 thg 10, 2022

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restricted reversal

16 thg 11, 2022

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RSI OB OS added

18 thg 11, 2022

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hist increased

28 thg 12, 2022

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increased histogram size

22 thg 1, 2023

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hline added for more reference