5MSM MAHESH 15

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.

Phát hành các Ghi chú:

possible reversal coloured in orange.

Phát hành các Ghi chú:

restricted reversal

Phát hành các Ghi chú:

RSI OB OS added

Phát hành các Ghi chú:

hist increased

Phát hành các Ghi chú:

increased histogram size

Phát hành các Ghi chú:

hline added for more reference