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It рerfectly defines the trend and flat

 

Hi Shyma, Can you tell us how you use this indicator to spot the start of trend or flat? It's easy to spot in hindsight but I can't see how this indicator helps in live trading to warn you trend or flat has started.

 

Does anyone have the MTF MACD shown at the bottom of the chart with the thumbnail images of each timeframe? I tried googling and the only source I found was commercial that charged a lot of $$$. It's better than a usual MTF indicator since no repainting issue and you can see smaller TFs than your main chart. Hopefully it can also be attached to Renko and range bar charts where MTF indicators won't work.

Thank you.

Posted (edited)

http://filecaster.ru/downloads/1344547425_5406020f4c3f7b224a76353e05ce20e4/pwc.gif

It рerfectly defines the trend and flat

 

Hi Shyma, Can you tell us how you use this indicator to spot the start of trend or flat? It's easy to spot in hindsight but I can't see how this indicator helps in live trading to warn you trend or flat has started.

 

Does anyone have the MTF MACD shown at the bottom of the chart with the thumbnail images of each timeframe? I tried googling and the only source I found was commercial that charged a lot of $$$. It's better than a usual MTF indicator since no repainting issue and you can see smaller TFs than your main chart. Hopefully it can also be attached to Renko and range bar charts where MTF indicators won't work.

Thank you.

Edited by a777
Posted
Hi Shyma, Can you tell us how you use this indicator to spot the start of trend or flat? It's easy to spot in hindsight but I can't see how this indicator helps in live trading to warn you trend or flat has started.

 

Thank you.

 

When the blue cloud disappeared and only the red cloud left, it is a potential down trend. Vice versa for uptrend. If both blue and red clouds appear on chart, it is flat. This is just my observation.

Posted (edited)

There is no magic about multi-timeframe MACD. Just use a longer parameter and you will get something amazingly useful. Try this http://www.4shared.com/file/CZAycFax/QFF-MACDv1.html

I would change the two black lines to yellow if you are using black chart background. Watch the two lines crossing. It is the first sign of trend change. Then watch the shaded area of the channels get thinner and disappear and that is the side where price will break. Place a pending order where the breakout line is. You need enough volume to support your trade decision. Exit whenever or wait till the shaded area starts to appear.

 

http://i162.photobucket.com/albums/t269/julianblo/Channels.gif

Edited by swordfish
Posted

Can you post the mq4 file of the Qff macd ?

Thank you

 

 

There is no magic about multi-timeframe MACD. Just use a longer parameter and you will get something amazingly useful. Try this http://www.4shared.com/file/CZAycFax/QFF-MACDv1.html

I would change the two black lines to yellow if you are using black chart background. Watch the two lines crossing. It is the first sign of trend change. Then watch the shaded area of the channels get thinner and disappear and that is the side where price will break. Place a pending order where the breakout line is. You need enough volume to support your trade decision. Exit whenever or wait till the shaded area starts to appear.

 

http://i162.photobucket.com/albums/t269/julianblo/Channels.gif

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