This is a very simple " the trend is your friend " indicator - if you are consistent!
How this indicator works:
This indicator detects MACD Crossovers based on the current trend. It checks wether the current close price is above or below the 200 EMA and therefore decides whether we are in an up- or down trend.
UP-TREND: If the price is above the EMA200, the...
How this indicator works:
This indicator detects MACD Crossovers based on the current trend. It checks wether the current close price is above or below the 200 EMA and therefore decides whether we are in an up- or down trend.
UP-TREND: If the MACD is below 0 and crosses up the signal line, then this is a BUY signal!
DOWN-TREND: If the MACD is above 0 and...
