Masher
Reversal Detection
Last updated
Reversal Detection
Last updated
The AlgoBox™ Masher strategy is a filtering strategy on the MACV chart intended to assist in finding reversal opportunities on smaller time frame charts. The deviation lines mark levels of previous peaks and troughs where price reversed significantly.
Reference the deviation lines to see where a previous significant pivot took place and wait for the MACV histogram to reach that line again to anticipate a potential reversal.
Since the MACV chart is a filtering tool, the deviation lines are not intended to be used as an exact price level to trade at. The deviation lines could be viewed as a zone to move you to the next step in the Order of Operations: The Ripple charts.
Click here to learn more about the MACV chart.
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Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.