Okay here's an experiment.
Detrended Price Oscillator from a 20 day SMA. The histogram is the difference b/w the 20 and 50 day SMA, partly to show the zero line, and partly to offer a contrasting but slower indicator. Positive is bullish.
MACD 20/50/10 with SMAs:
Spreadsheets can actually do stuff. I put a MACD on my own index!Getting the zero line on the grid took a bit of fiddling though.
More substantively though, the DPO looks promising, but I'd want to see the MACD above zero to confirm that it's not just a bear rally.
I should probably swap the MACD signal line colours.
