that is one way to view it, the "double bottom" a bit more descriptive way is to say that the ROC is making a divergence with price as mentioned an earlier example, this was a case where the hogs had made new ROC lows, implying lower prices to follow. when the lower prices came, the ROC held higher a 5-day divergence, right in the wheel-house looking for the highs yesterday to be taken out today . . .
okay . . . i know what you're trying to show but alot of others may not, so might want to offer an explanation with the chart . . . just a suggestion those aren't the parameters i'd use on the MACD, but in reality, about any reasonable ones will do for this purpose ROC of the price should still be used
MACD is popular indicator on many charts so in order to jump ahead of the crowd I chart ROC of MACD that is the thinking behind it.
Hi nkhoi! How did you overlap the ROC on the eSignal chart window? I will very much appreciate the response! Thank you very much!
put all your studies on 1 chart, make sure chart is in tile mode, right click, select tile studies. keep the shift key down , click and drag study to where you want to merge, you can merge a study to another sudy or merge it to the chart, then click on edit study to play with scale, 1 study scale on left, 1 study scale on right and the rest on no scale etc....
thinskis, What about "slope opposition"... Could you please elaborate more on this concept ? Some chart examples with both the ROC(2) & MACD(3,10,16) would be very much appreciated. tia skyfisherman