Trend MACD Candles

Trend MACD Candles

COLORED TREND MA / MACD CANDLES

• draw MA Candles above/below Moving Average

• draw MACD Candles above and below 0 and Signal-Line

• a simple view of the trend direction
• a simple view over the higher trend direction
• a calmer chart for the eye
• clear rules can be defined

• Value Quick-Set: pre-Settings
• MACD 3 / 9 / 6
• MACD customize
• MA Candles
• Fast EMA: 12
• Slow EMA: 26
• MACD SMA: 9
• 1. MA Period: default 14 and 20, which are my favorite for all timeframes, I believe in the 14 and 20 sma as a proof for trend-direction (in combination with a higher timeframe)
• MA Mode: default simple
• MA Price: default close

Rules I, as shown in screenshots, Trading the H1-Chart:

• H1: 
• 1. Trend-MA-Candles: colored Trend MA=20 sma
• 2. Trend-MA-Candles: 120 ema

• short:
• ignore gray candles
• red Candle closed
• Close needs to be below 20 sma/low (green line) and  below 120 ema/low (red line) 
• Entry a few pips below that Candle
• if the Candle is obvious very long, be careful, it could be wise to wait for an Entry closer to the MA
• the longer the trend runs, the more likely is a correction or a trend-change
• Risk => a few pip above the Entry-Candle
• Target => previous support and resistance levels

• long:
• green Candle closed
• Close needs to be above 20 ema/high (green line) and  above 120 ema/low (red line) 
• Entry a few pips above that Candle
• if the Candle is obvious very long, be careful, it could be wise to wait for an Entry closer to the MA
• the longer the trend runs, the more likely is a correction or a trend-change
• Risk => a few pips below the Entry-Candle
• Target => previous support and resistance levels

Rules II, watching H4, Trading H1:

• Settings H4: 
• default

• Settings H1: 
• default

• short / long:

• H4
• obvious Trend below / above MA
• H4 and H1 need to be in the same trend-direction

Recommendations

• I don't trade after over-size-candles
• I only go for a clear trend on the higher time-frame
• I stay out before high-impact news hit the market
• Always on my mind, major Support and Resistance
• No trade without money-management, please calculate your risk, trade smart
• There is no guarantee of success as in any trading business / in my examples above