The AlgoBox™ MACV Ultimate indicator aggregates the MACV direction of the following index futures instruments:
YM
ES
RTY
NQ
The result is a U.S. index futures market sentiment indicator, which displays the overall market direction in real time:
There are 5 status levels of the AlgoBox™ MACV Ultimate:
Strong Sell
Moderate Sell
Neutral
Moderate Buy
Strong Buy
The MACV Ultimate indicator displays the overall direction of the four major U.S. index futures in real-time.
Strong Sell
All four index futures' MACV charts have been recently moving down.
Moderate Sell
Three of the four index futures' MACV charts have been recently moving down.
Neutral
Two index futures' MACV charts have been recently moving down and the other two index futures' MACV charts have been recently moving up, creating a neutral overall market direction.
Moderate Buy
Three of the four index futures' MACV charts have been recently moving up.
Strong Buy
All four index futures' MACV charts have been recently moving up.
The MACV Ultimate is a "higher time frame" top level indicator that can be used as part of the Order Of Operations top-down analysis process to assist in assessing market direction.
NERD: The MACV Ultimate is also referred to as the N.E.R.D. (NQ, ES, RTY, DOW) and operates while these markets are open.
Example MACVU Setup
The MACVU indicator channel can be displayed on your mobile phone if you install the Discord app:
Some traders like to display the MACVU on their mobile phone or tablet.
Note: Displaying the MACVU directly on your trading workspace screen or monitor—rather than on a mobile device or tablet—allows screen recording software to capture the MACVU status in real time. This can be especially beneficial for reviewing your sessions and accelerating your learning through detailed playback and analysis.
The AlgoBox™ MACV ULTIMATE indicator is accessed via web browser for our Premium Members.
