How do I read the Fusion indicator?
Quick answerFusion blends three readings into one line: the gap between the 12 and 26 averages (40%), RSI (30%) and MACD's push (30%). Over 0 the bulls have the edge, under 0 the bears. ▲ prints when it climbs back up through the red line; ▼ when it drops back under the green line.
The details
- The line: over 0 bullish, under 0 bearish.
- Green and red lines: the extremes, wider when the stock is jumpy.
- ▲: back up through the red line: a selloff losing steam. ▼: back under the green line: a rally tiring.
- Only in a real trend: arrows print with ADX 15 or more, and not when price is already stretched far from its average.
Take an ▲ as a heads-up to look for a long, and confirm it on the chart.
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