Okay here's an experiment. Detrended Price Oscillator from a 20...

  1. 1,000 Posts.
    lightbulb Created with Sketch. 264
    Okay here's an experiment. 

    Detrended Price Oscillator from a 20 day SMA. The histogram is the difference b/w the 20 and 50 day SMA, partly to show the zero line, and partly to offer a contrasting but slower indicator. Positive is bullish.
    https://hotcopper.com.au/data/attachments/1452/1452697-b4754dc6e1fa20c75ad5f85e6a4a340d.jpg
    MACD 20/50/10 with SMAs:

    https://hotcopper.com.au/data/attachments/1452/1452698-acbbcabb2b6afe60afd268416a64cf02.jpg

    Spreadsheets can actually do stuff. I put a MACD on my own index! Getting the zero line on the grid took a bit of fiddling though.

    More substantively though, the DPO looks promising, but I'd want to see the MACD above zero to confirm that it's not just a bear rally.

    I should probably swap the MACD signal line colours.


 
GET SUPPORT arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.