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MACD Momentum Shift

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MACD momentum shift (alert system). I have designed this indicator as an early alert system for momentum shifts. The indicator will fire on the second consecutive histogram bar with decreasing bearish momentum (light pink bars). My thought process is that it should provide traders with an earlier alert than a typical (MACD line crossing Signal line) alert available on Trading View. However, this is not a buy indicator! It's an early alert system. My trading technique is heavily based on where the 9/20/50/100/200 EMAs are compared to one another, on the hourly timeframe and the daily tiemframe. I plan to combine this alert system with technical analysis to make better trades. Cheers.

James

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