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What exactly is Macdbb and what is a good use for it?
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What exactly is Macdbb and what is a good use for it?

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What exactly is Macdbb and what is a good use for it?

What exactly is Macdbb and what is a good use for it? I've noticed it on several screen shots of members charts. There is no defenition in wiki, and a search online doesn't help either. Searching the forum brings up how to create the indicator, but to my knowledge not it's use.
Thanks

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HA! I think I found the answer myself although any input from people using would be appreciated. Clicking on the macdbb tag below brings you to a thread titled bbmacd (no wonder my search didn't work) anyway the first post has a pdf attached explaing the indicator

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HA! I think I found the answer myself although any input from people using would be appreciated. Clicking on the macdbb tag below brings you to a thread titled bbmacd (no wonder my search didn't work) anyway the first post has a pdf attached explaing the indicator

I like to use it for spotting divergence. Works well with Hybrid Renko bars.

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Trade daily with the macdbblines at the default settings of 12, 26,9. For a filter use a 3,5,3 stochastic. Will let the top or bottom line break, verify with stochastic.

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Thanks!

Thanks to @supermht who PM'd me a pdf what I feel is the answer to my question. He said he can't post it here due to copyright issues. Thanks to all who contributed with their comments!

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