TradeIQ
The video discusses three alternative indicators that can be used instead of the Macd or moving average conversions Divergence. These indicators show better results for predicting the price movement and include Normalize the Smoothed Macd, WTMO Wave Trend Momentum Oscillator and Zero Lag Macd. The video provides detailed explanations of each indicator and how to use them for trading. The Zero Lag Macd is identified as the best indicator, but it is recommended to use in conjunction with other indicators for accuracy.
Top Three Magic Trading View Indicators for Profitable Trading
Introduction:
Macd or Moving Average Conversions Divergence is a popular technical indicator amongst traders. It helps traders understand whether the bullish or bearish momentum in the price is strengthening or weakening. In this article, we will discuss the top three magic trading view indicators that are likely to make traders more profits long term than a regular macd.
1. Normalized Smoothed Macd:
The Normalize Smoothed Macd is an indicator by Dread Blitz that looks similar to SDC or Shaft Trend Cycle. It consists of a zero line, a macd line, and a signal line. Every time the macd line changes from green to red, it indicates a change from bullish to bearish momentum and vice versa. By adjusting the smoothing period and normalization period in the input section, traders can reduce false signals. This indicator can be used as a first or second confirmation indicator and has proven to be more accurate than regular macd.
2. WTMO Wave Trend Momentum Oscillator:
The WTMO Wave Trend Momentum Oscillator is a great oscillator that provides overbought and oversold areas. With multiple customizations available, the upper and lower lines, zero level, oscillator line, and trigger line when crossed above zero or below, can generate profitable signals. Compared to regular macd, the WTMO indicator reacts to price changes quicker and, when compared side-by-side, has shown more significant signals than the macd.
3. Zero Lag Macd Enhanced:
The Zero Lag Macd Enhanced by Albert Callisto is an indicator that removes lag by using a zero lag moving average instead of a traditional moving average. By placing greater emphasis on recent prices, it generates earlier signals than the regular macd. Traders can use this indicator for divergences, and when these two lines cross each other, an indicator prints a circle, making it much easier to read. A strategy combining the whole MA and volume oscillator with Zero Lag Macd generated profitable signals for buying and selling.
Conclusion:
The three indicators discussed in this article show better results than regular macd. Although trading involves risks, traders can build a successful strategy by customizing these indicators and forward testing their trades. Regularly accessing these indicators will help traders gain an advantage over ordinary macd traders.
