This is a strong, non-repainting indicator which can be used for scalping breakouts on the lower timeframes or as a complete replacement over the standard MACD indicator.
The additional Dots display is ideal for gauging the strength of moves. Like all MACD "Dots" indicators, the dots can be interpreted as:
- The further the Dots are "spread" apart, the more strength in the movement
- The closer the Dots are, the less volatility in the movement