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The MACD Area indicator is developed based on the system's built-in MACD indicator to enhance its functionality. The main enhancement is: average algorithm+four-color column+area value. By default, the Exponential Average Algorithm (EMA) is used, and any of the four algorithms can be selected. Algorithm 1: Fundamentals of Simple (SMA arithmetic moving average) SMA, The abbreviation for arithmetic moving average is calculated by adding the closing prices of the last N days, dividing by N, and as
Based on commonly used ZigZag indicators, in-depth mining was conducted on the indicators, with two main improvements: 1、 Annotate each ZZ price point; Annotate the distance points between adjacent ZZ points for a more convenient and intuitive view of price fluctuations. 2、 Draw a Fibonacci line for the current price direction of ZZ. The Fibonacci line includes two types: the Fibonacci retracement level and the Fibonacci expansion level. When the last four ZZ points comply with Dow's 123 rule,