The indicator shows when there are overpricing and divergences over a normalized MACD
Plus, it displays signals with configurable alerts, self-regulating dynamic overprice levels, and a simple setup and interface.
This indicator automatically calculates markup ranges.MACDmaxmin is an indicator based on the MACD oscillator that effectively identifies trend changes in price, as it is a momentum indicator that captures the trend and shows the relationship between two moving averages of the price.
MACDmaxmin provides valuable market information and signals of overpricing, and divergences that it detects automatically. These signals are represented in the oscillator as circles for the divergence points and squares for the overprice points.
You can immediately receive configurable alerts for these signals in version PRO.
Furthermore, this indicator has two unique characteristics
It graphs dynamic support and resistance levels that it automatically calculates according to the market to which it has been applied and the input parameters conveniently configured by the trader. Overbought and oversold levels are also automatically calculated for each chart optimizing the results.
The second uniqueness of MACDmaxmin is that it presents normalized values on a scale of -100 to 100 to get a global idea about the real movement of the market.
MACDmaxmin features
- The indicator simplifies the parameters to the maximum, to avoid the trader complex configurations
- The indicator is valid for any asset and any time horizon
- It can be used in strategies based solely on this indicator or it can be combined with other indicators
- You can configure the color of the indicator trend lines.
- Optimized and tested algorithm to ensure it is always in service
Understands:
- A positive and a negative area that represents the MACD movement
- Oscillating line as a signal of trend strength
- 2 lines of dynamic levels of supports and resistances in the oscillator signal
- Two lines of dynamic levels, resist and support
This version of the MACDmaxmin indicator does not allow to generate alerts in different configurations (mobile application - Push, email, desktop application) when divergences and overprices are detected.
MACDmaxmin Parameters
- Fast MACD Period candlestick period used to calculate the fast moving average of the MACD oscillator
- Slow MACD Period candlestick period used to calculate the slow moving average of the MACD oscillator
- Signal Period period used to calculate the MACD signal
- Tolerance value used as a condition to accept a peak as a new maximum or minimum
- Kind price calculation can use all forms of price calculation including HL / 2, HLC / 3 and HLCC / 4
The free version of the MACDmaxmin indicator only presents historical data of the indicator. That is, it is not updated in real time. Please check the payment indicator for more features.
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