PTS MACD MTF Indicator
How To Use The Real Power Of The MACD! With the PTS MACD MTF Indicator can can use MACD divergences of higher time frames and make pinpointed entries on lower time frames.
PTS MACD MTF Indicator: How To Use The Real Power Of The MACD
If you want to trade professionally then you should apply a top-down approach:
An Edge Of A Bigger Time Frame + An Edge Of A Lower Time Frame
With a top-down approach you will have a higher winning percentage and the average size of your winning trades will be bigger. There are multiple ways to get an edge of a bigger time frame. The multi time frame MACD indicator (PTS_MACD_MTF) is one of the many ways.
With the PTS MACD MTF Indicator can can use MACD divergences of higher time frames and make pinpointed entries on lower time frames.
The following video shows how you the PTS_MACD_MTF works:
With the information advantage provided by the PTS_MACD_MTF you can search for Double Tops/Bottoms (get the FREE Double Top / Bottom Indicator) within the rectangles of the following screenshot:
You can also trade the highly profitable system “Strong Trends + Magic Entries” in direction of the divergences:
How can I configure the reference time frame?
You can configure the reference time frame by selecting the appropriate value in the combo-box in the parameters of the indicator. The default value is H4.
Specification: PTS MACD MTF Indicator