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The LOCSignal MACD Double Pike is a user-friendly indicator designed for traders looking to enhance their trading strategy. This nifty tool identifies extreme values in the MACD Main line, helping you catch the moves that matter. What sets it apart? It filters out the first pike and showcases all subsequent signals!
With arrows displayed right on your chart, this indicator makes it easy to spot trading opportunities. The main goal is to find MACD pikes starting from the second one on either side. Check out the image below for a clearer picture:
Recommendations:
- Best used on the 1-hour chart.
- For optimal results, it’s wise to confirm signals with another trend indicator.
If you have any questions or need further clarification, don’t hesitate to reach out!
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