chart

This is what I call 3 wave theory on the Slow stochastic, MFI, RSI in a bullish continuation pattern...

If your been in NDO and trading the swings of late, this 3 wave would have served you well..

Basically the same as Pennant or ascending triangle in a bullish continuation pattern....

Slow Stochastic - as you can see each wave or swing down has has not been lower than the first... In other other words Swing 1 ( marked A-B) being longest swing 2 (C-D) short or within swing 1, swing 3 (D-E) should at lest meet the line of top triangle..

I take this same method with both RSI & MFI...

MACD- I find and like is the MACD just hovering above zero line so there is plenty of room to move up..

Overall the top triangle of all indicator in sp term should equal sp range somewhere between mid to high 5's IMO