MACD KC Lines

MACD KC Lines

The MACD KC Lines indicator is built from a standard MACD indicator with Keltner Channels added to the signal line. The MACD values are shown as dots. During an uptrend the MACD dots will print above the upper Keltner Band. Accordingly, MACD dots print below the lower Keltner Band for a downtrend.

Indicator Description

The MACD KC Lines indicator allows for identifying four trend states:

  • MACD rising and above upper Keltner Band (uptrend)
  • MACD rising and below upper Keltner Band (neutral)
  • MACD falling and below lower Keltner Band (downtrend)
  • MACD falling and above lower Keltner Band (neutral)

The four trend states are shown via the color of the MACD dots. The trend is exposed as a public property and can be accessed via a strategy or another indicator.

A bullish trend is more likely to persist when it starts near or slightly above the MACD zeroline. A bearish trend is more likely to persist when it starts near or slightly below the MACD zeroline.

The MACD KC Lines comes with paint bars, visual and sound alerts. The alerts allow for detecting breakouts from the Keltner Channel and zeroline crosses.

The indicator is available for NinjaTrader 8.