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Balance of Power Trading with MTF MACD Indicator


Forex Balance of Power Trading with MTF MACD and NonLag MA Indicator – This “Balance of Power Trading with MTF MACD Indicator” is used to identify a new trend, whether it’s bullish or bearish.

  • Time Frame: M30 and H1
  • Currency Pairs: GBPUSD and EURUSD

 

MetaTrader Trading Indicators
  • NonLag MA
  • MTF MACD in Color
  • Balance of Power

 

BUY Rules

Trading NOTES

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  • NonLag MA: blue color
  • MTF MACD in Color:
    • MACD histogram blue color and above 0 level
    • blue line above red line
  • Balance of Power: blue bars

 

SELL Rules

  • NonLag MA: red color
  • MTF MACD in Color:
    • MACD histogram red color and below 0 level
    • blue line below red line
  • Balance of Power: red bars

 

Trading NOTES

There is one drawback to MACD. Naturally, moving averages tend to lag behind price. After all, it’s just an average of historical prices.

Since the MACD represents moving averages of other moving averages and is smoothed out by another moving average, you can imagine that there is quite a bit of lag.

However, MACD is still one of the most favored tools by many traders.

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