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MACDvol and MACDobv may be combined with MACD() and give
interesting informations for the phase of a trend.
Here is an outline:
1. MACDvol
A sell-off is easily detectable when MACD()<Signal() and
MACDvol>Signalvol.
[The end of a sell-off is usually a healthy and sustainable
bullish movement, when we speak for good fundamentals]
<FONT
size=2>MACDVol=EMA(V,12)-EMA(V,26);Signalvol=EMA(MACDvol,9);Plot(MACDvol>Signalvol,"",1,2);Plot(MACD()>Signal(),"",4,8);Check
periods like SELLOFF1.gif
2. MACDobv
The price usually anticipates Volume [from A to
B]
The main part of the trend comes when MACDobv also
participates.
When MACDobv stops, it is better to prepare your exit<FONT
size=2>, the bears are coming from the corner. [see
SELLOFF2.gif]
<FONT
size=2>MACDobv=EMA(OBV(),12)-EMA(OBV(),26);Signalobv=EMA(MACDobv,9);Plot(MACDobv>Signalobv,"",1,2);Plot(MACD()>Signal(),"",4,8);
Dimitris Tsokakis
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Attachment:
SELLOFF2.gif
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Description: "SELLOFF1.gif"
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