For those traders and students who follow the famous brazilian trader Igor Rodrigues (Mago Trader) here it is another tool he uses: a 2-line MACD specially set with Phi ratios. This MACD is packed with a twist: a Filling Area , to easily and visually spot the corresponding trend on the chart. Obviously, you can turn On and Off this filling feature.
If you don't know Igor Rodrigues and you are a brazilian trader and student, just google for him...
Very simple and useful indicator.
If you are looking also for the EMA-based indicator of this trader, here it is:
SETTINGS
- Period for the FAST MA. For M1= 21 / M5|D|W|M= 17 / M15|M60= 27
- Period for the SLOW MA. For M1= 89 / M5|D|W|M= 72 / M15|M60= 117
- Signal Line period. For M1= 42 / M5|D|W|M= 34 / M15|M60= 55
- Price Type to be used.
- Activate the Area Filling between the 2 EMAs: On | Off
Sometimes turning ON/OFF the filling may cause some refresh problemas, just decide how you would like the indicator to be displayed on your chart, and simply restart your platform... ;)
If you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW! )...
This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...
With No Strings Attached! Ever!
Live Long and Prosper!
;)
