This is a multi-timeframe MACD indicator. The oscillating with the histogram is the current timeframe. The reddish line is one timeframe higher. The aqua line is two timeframes higher. This way, we can track the movement of the market within one chart to see where it is in a bigger picture. The red arrow on top shows up when the current trend is under 1 higher timeframe, 1 higher timeframe is under 2 higher timeframes, and 2 higher timeframe has to be above zero. Vice versa for the bottom green arrow. Use these arrows as cautions when the trend change direction. We must learn the basic of convergence and divergence. Trade with care and many pips to you and yours. If I help you in any way. Please like and share. Buy me a drinks sometimes at zonnieadvertising@gmail.com.
Cheers!
SD85.
Cheers!
SD85.