Published 10 July 2021
MC Pro (Momentum Compressor) with Fast MACD
Detects buying selling momentum & consolidation
suitable for Swing & Day Trading.
Check settings option switch to FIFO setup.
Histogram
Green = Buying momentum firing up (good for swing trade)
Red = Pullback (Red below histogram line is Downtrend)
Pink = Rebound (good for bottom catch / FIFO trade)
Dots
Gray = Expansion (can fire up or fire down)
Light Blue = Low compression
Dark Blue = Medium compression
Purple = High compression (sideways consolidation)
Fast MACD & Signal line crossover Green dot & cross-down Purple dot