China 50 looks pretty bad. Hope it's nothing serious.
The MegaMACD consists of simple modifications to the normal MACD, and has all the trend nonsense taken out.
It's singularly useful to quantify the "strength" of impulses. If it's not doing what price is doing (like here), then something is awry.
There are other reasons to short this thing outside of the MegaMACD bear div, but those aren't included.