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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.

Daria Angkadiredja
2016.04.09 21:50 

Makasih Pak Ganden, it's the best! God bless you and good luck for you always!

Version 1.1 - 2016.08.08
New Update, KFK MACD HiLo has been update to show CLEAR PATTERN to detect Wave no. 2 as explain on Elliot Wave Theory.
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