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looking for macd with support and resistance range


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looking for macd with support and resistance range

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 profound 
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I'm looking for macdbblines that look similar or exactly like the following attachment

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Try the main thread



Mike

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RSI, Stochastics, TSI are normalized indicators and you can easily draw support & resistance on the indicator panel.

However, the MACD requires normalization before you can use it with support & resistance.

A simple way of normalizing indicators is obtained by calculating the z-score.

The chart below shows the z-score of a MACD with S/R lines (1st and 2nd standard deviation) added.

In this case the normalized MACD is used for detecting divergences.

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Last Updated on July 7, 2015


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