MACV Filter Chart
Top Down Analysis | Directional Bias Filter
The AlgoBox™ MACV Chart is a customized MACD made by Vinny E. Mini, displaying market trend direction (or lack of), along with the momentum of it. The MACV Chart is a critical step in the Order Of Operations top-down analysis process, before analyzing the Ripple A & B charts for entries.
The peaks, troughs and color zones of the MACV can assist in filtering the directional bias.
The MACV histogram also features Deviation lines which is used as part of an additional strategy called The Masher.
If the MACV histogram looks like a "Christmas Tree" with a lot of alternating red and green zones, this could indicate "chop" or a lack of trending direction.
Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.
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