Thanks GA. I wouldn't use the MACD as my only indicator. I was however trying to find its possible application in regards to the interesting system of Baruch.
Never tried using the momentum so far but the idea seems similar.
MACD is simply a more detailed method of using moving averages (shows the difference between 26EMA and 12EMA). Also uses 9 EMA as a trigger. So far what I notice is when it crosses below the 9 EMA it is a signal to go long and...
Yes, I tried nearly all time periods and EMAs - but I found that 50 worked best.
Hi Baruch,
As far as I understand you are using EMA and RSI(EMA). Have you tried using MACD to confirm the entry points?
Regards,