This is a simple tool to compare two selected MACD histogram area. The MACD histogram area is sometimes used to determine trend reversal or trend strength. One may have difficulty with this when the compared MACD areas are of different shape or similar in size. This indicator/tool allows user to select two time periods on the chart and get a precise compare result.
To use the indicator, place a regular MACD indicator on the chart which shows the histogram, then add this indicator and select the two areas of which you want to compare the size. Please make sure that the regular MACD indicator this one have the same source.