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Charlotte
Experience: Intermediate
Platform: NinjaTrader
Trading: e-mini
Posts: 8 since Apr 2012
Thanks Given: 0
Thanks Received: 2
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After playing around with the "beta MACD Histogram divergence indicator" I think I need different indicators. The "beta MACD" reacts to the first three swing points of the MACD histogram, whereas I'd like something that simply shows current price (or close) being the highest high for "X" number of periods and the current MACD histogram is less than the highest high for "X" number of periods.
Additionally, I'd like a similar indicator that alerts me when price is the highest high and MACD histogram is less than zero. I've noticed that this often occurs on the last gasp of an up move.
I would be greatful for any assistance on this.
BTW In looking at the "beta MACD Histogram divergence indicator", it seems to do fairly well on 5 minute bars for the S&P e-mini.
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