KFK MACD HiLo
KFK MACD HiLo is an MACD indicator with bar marking (green and red) as highest and lowest price on each wave up or wave down.
It is a complementary indicator for previous indicator (KFK 1). As a complementary indicator, it should be used together with the main one (KFK 1).
When the MACD bar starts going down and crosses Upper Signal line (green line), it indicates a downtrend is about to begin.
When the MACD bar starts going up and crosses Lower Signal line (red line), it indicates an uptrend is about to begin.
Recommended timeframe – M15.
Watch the explanation on the picture section, where I use 2 (two) MACD HiLo with diffrent settings.
Getting familiar with MACD HiLo pattern will help Entering trade at begining of Wave to and goes along the wave until Wave no. 5 to exit