MACD - Baby Whale — Indicator by BabyWhale83

Moving Average Convergence / Divergence (MACD) histogram

macd histogram

I spiced the standard MACD indicator up a bit to make it more visible.

When using the MACD:
1. Never go short when the MACD lines are in the negative.
2. Never go long when the MACD lines are in the positive.
3. Always wait for an uptick / downtick on the histogram before you start your trade.

The MACD Histogram can also show you Divergence.
When the price goes up but the Histogram can't make new highs, it might be a good time to think about shorting.

If you want access, just send a message please.

Much love from Baby Whale!!
🙏❤️🐳

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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