MACD Intraday Trend is an Indicator developed through an adaptation made of the original MACD created by Gerald Appel in the 1960s.
Through years of trading it was observed that by changing the parameters of the MACD with Fibonacci proportions we achieve a better presentation of the continuity of the trend movements, making that it is possible to more efficiently detect the beginning and end of a price trend.
Due to its efficiency in detecting price trends, it is also possible to identify very clearly the divergences of tops and bottoms, thus taking better advantage of trading opportunities.
Operation:
Operation:
The Indicator MACD Intraday Trend works with any currency pair, at timeframes of 1M, 2M, 3M and with Renko charts.
The Indicator has an amazing performance on Renko charts.
About the author:
About the author:
Roberto Junqueira, is Trader for over 7 years and has been developing indicators and trading robots for more than 5 years for the Forex, Cryptocurrencies and Stock Exchanges markets.
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