The MACD Indicator (Moving Average Convergence-Divergence) continues to be one of the most popular technical indicators used by amateur and professional traders alike. However, because it is not as effective or accurate on today’s dynamic, fast-paced markets, the classic version of the MACD leaves much to be desired. As markets evolve, the technical indicators that we rely on to trade successfully must also evolve. Our Super MACD™ Indicator Package is specifically designed to overcome the limitations and setbacks of the classic MACD while offering several powerful new features.
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The Super MACD™ includes a variety of new features and customizations that you will not find in the original MACD. Check out the comparison chart below to see why the Super MACD™ is far superior to the original MACD.
The Super MACD™ Indicator is loaded with a wide variety of new features and customization options. It allows traders to choose from several different methods of smoothing and color-coding, while also providing the option to show various signals and issue customizable alerts. We have gone to great lengths to harness the full potential of the MACD Indicator by not only improving its formula and algorithm, but also by giving traders much more control and flexibility over its appearance and functionality.
The Super MACD™ PaintBar simplifies chart analysis and trading by color-coding each bar based on Super MACD™ trend conditions. Rather than only coloring the bars based on whether or not the Super MACD™ is above or below its own average; traders now have the ability to use numerous color-coding techniques that are based on a wide variety of trend conditions. It even includes a special gradient option that color-codes each bar based on where the MACD value is in relation to its highest and lowest values over the previous “X” bars.
The Super MACD™ Spread is an indicator that plots the difference between the Super MACD™ and its own average. Many traders only pay attention to whether or not the MACD is above or below its own average, however, we at Fibozachi have observed that focusing on the value and slope of the ‘spread’ can be extremely beneficial to one’s chart analysis & market timing.
The main advantage of the Super MACD™ Spread is that it shows shifts in momentum much earlier than crossovers between the Super MACD™ and its own average. It serves as the perfect add-on to the Super MACD™ and when used properly, a trader can often ‘predict’ ifM a crossover is likely to occur within the next few bars.
The Super MACD™ Spread PaintBar simplifies chart analysis and trading by color-coding each bar based on Super MACD™ Spread trend conditions. Using the “Spread” value instead of the “Super MACD” value provides an alternate perspective of the trend that responds quicker to movements in price. Similar to the Super MACD™ PaintBar, it contains numerous color-coding techniques that are based on a wide variety of trend conditions. It even includes a special gradient option that color-codes each bar based on where the MACD Spread value is in relation to its highest and lowest values over the previous “X” bars.
The Super MACD™ Spread is color-coded based on the following conditions:
The Super MACD™ Spread includes our state of the art “Divergence Engine”, which has the ability to automatically detect any valid bullish or bearish divergence between the Indicator and Price. When any valid divergence is detected, the indicator automatically draws a divergence trendline directly onto the chart, alerting you to the increased likelihood of a price reversal. It also includes fully customizable audio and visual alerts so that you can be sure of never overlooking valid divergence signals again.
Our Divergence Engine is unique in that it is truly the most advanced, most customizable tool of its kind available on the commercial market. Traders can now take full advantage of the special features that only our Divergence Engine offers:
Turn Divergences & Divergence Alerts On/Off
Show “Filtered Divergences Only” Option
Automatically Draws Divergence Trendlines on Price & Subpanel
Customizable Color-Coding of Bullish & Bearish Divergences
Modify “Divergence Lookback Length”
Modify “Left Pivot Strength” and “Right Pivot Strength” Independently
Calculates Price Pivots using Closing Price or High/Low Price
Detects Long-Term Divergences by Using 3 Pivots
Both the Super MACD™ and the Super MACD™ Spread include special pre-formatted “Market Analyzer” Indicators and templates for all NinjaTrader users. All of the columns, colors and text are completely customizable so that you can personalize it to your own preferences. As you can see from the screenshot below, using Super DMI™ with the NinjaTrader Market Analyzer and TradeStation RadarScreen allows you to quickly scan an entire list of symbols for the most important information in just seconds! You can also sort the data by any column to organize your scan results into easy-to-read lists.
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