Hi fellows, MACD can be used for early indication in diverging market. MACD gives signal that price is going to change its direction very soon. If MACD shows sharp rise and fall and at the same time price forms impulse on the chart against the previous trending and diverging market then this indication can be used for change in trend direction.
Note
Strong diverging market. Note
Sharp rise on MACD and Strong IMPULSE can be seen on MACD and on chart.Note
This idea was based on this indication. i hope you will understand it better now. Note
Here is the current price level. I hope this indication will help you in your analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.