You are correct............... there are many more MACD here which will fulfill your needs............... what u posted in this photo does not look very useable (but pls prove me wrong ) & curious to know why you need such tool sir?
with the various mtf MACD's here u can achieve same from what I can see
If you trade smaller tf's, the problem is that the market trades in various speeds/angles, making it very difficult for one indicator settings to work consistently.
This guy claims that with this indicator he is able to recognize whether we are in a breakout, continuation or reversal mode.
I already trade in a similar way using other tools to determine those phases, but I am willing to experiment further.
Looks like that chart is 112 ticks line chart, forms a new bar/candle after 112 ticks.
But take 3 different envelopes and trade when all is in harmony and use whatever oscillator to entry. Can not go wrong.
The degree you expect to be always right, is the degree you will fail
Anyway, back to my original request, can a coder just confirm if the "NoLagMA(10min)-EMA(10min) / Close" in percentage scale, is enough information to form the indy or you need smt more?