The MACC Indicator Package simplifies the use of Moving Averages (MAs) by providing traders with a creative, new approach to how Moving Average data is interpreted and displayed. Plotting numerous Moving Averages onto your charts not only clutters them up, but also makes it difficult to actually discern the underlying status or condition of each MA. The MACC Indicators solve this problem by relaying information about up to 5 unique MAs that would otherwise have to be tracked manually, allowing traders to be more efficient and observant without wasting any time or resources trying to figure out which MAs are above or below price, or which MAs are sloping upwards or downwards. Not only that, but the MACC Indicators also highlight when all the MA’s are in agreement or a state of bullish or bearish confluence.
We know that traders have varying preference when it comes to what kind of Moving Average works best. For that reason, we incorporated all moving average methodologies into the MACC Indicators: Simple (SMA), Exponential (EMA), Double Exponential (DEMA), Triple Exponential (TEMA), Weighted (WMA), Triangular (TMA), Hull (HMA), Gaussian (GMA) and Adaptive (AMA).
MACC’s fully customizable input settings enable traders to mix and match different MA lengths with different MA methodologies, allowing for endless combinations and possibilities. And if 5 MA’s are not enough, the MACC Indicators can be applied to your chart more than once to allow for 10 or even 15 MA’s to be tracked simultaneously!
(Click the Image Below to View the User Guide)
The MACC™ Panel Indicator continuously updates 5 customizable Moving Averages in real-time; plotting a Green or Red dot based on whether price is above or below the MA (Price Color-Coding), or if the MA is sloping upwards or downwards (Slope Color-Coding).
Green Dot = Price closes above the corresponding MA
Red Dot = Price closes below the corresponding MA
Since each of the input options are identical to those of the MACC™ Lines and MACC™ PaintBar, it is extremely easy to link the same input settings across all of the Indicators and to customize each of the 9 unique Moving Average methodologies that we have included.
If all the dots are Green, an additional Cyan dot is plotted to alert the user to bullish MA confluence.
If all the dots are Red, an additional Magenta dot is plotted to alert the user to bearish MA confluence.
The MACC™ PaintBar changes the color of each bar based on how many MAs are above or below price (or the total amount of Green or Red dots in the MACC Panel). Therefore, there are 6 different colors that are possible based on the conditions of having 0-5 Green or Red dots. This enables the user to quickly identify the MA trend by being able to assign his own custom colors to each condition of dots.
Since each of the input options are identical to those of the MACC™ Lines and MACC™ Panel, it is extremely easy to link the same input settings across all of the Indicators and to customize each of the 9 unique Moving Average methodologies that we have included.
The MACC™ Lines plot the actual Moving Average Lines and their values directly onto the chart. This enables the user to visualize the MA’s while the MACC™ Panel diagnoses bullish or bearish conditions for each. It is also helpful when used to identify areas of resistance or support based on where one or more MA’s are aligned. The thickness of each line gradually increases from the fastest MA to the slowest MA, but all settings for plot styles and colors are fully customizable.
Since each of the input options are identical to those of the MACC™ Panel and MACC™ PaintBar, it is extremely easy to link the same input settings across all of the Indicators and to customize each of the 9 unique Moving Average methodologies that we have included.
The MACC Indicator Package also includes a special "Scanner" Indicator that is specifically designed to scan for signals and trend conditions using the NinjaTrader Market Analyzer, TradeStation RadarScreen or MultiCharts Market Scanner. 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 screenshots below, using MACC with the NinjaTrader Market Analyzer, TradeStation RadarScreen or MultiCharts Market Scanner allows you to quickly scan any list of symbols for the most important information in just seconds!