Another use of MACD.

Quote from alex.samant:

It's simple, just input the 1,26,1 parameters in your MACD

Anyways. It should look like this.

Alex
More...

Which time frame is it? There are not too
many tarding opp. for the intra day trader
seemingly.

Charly
 
i haven't got the chance to test it thoroughly but by plotting it on a 5 times higher timeframe than the one you are using you should at least get an idea when it's ok to take a trade (MACD (1,X,1) is close to 0 line) and when the market is unlikely to continue (MACD(1,X,1) shows an over/under valued market) and maybe fade the trend (i do not reccomend going countertrend ever).
 
Quote from Charly:

Which time frame is it? There are not too
many tarding opp. for the intra day trader
seemingly.

Charly
More...

It seems as if you only needed one opportunity on 10/23. 1029 CV chart with 9 and 18 SMA, 1,24,1 MACD settings. The 38 line seems to be the magic number for this configuration. Thanks for the fresh idea alex.
 

Attachments

... hey thanks....
.... i am now using macd 1,1,26 as an extremity indicator for rsi ...
... works pretty good
Quote from alex.samant:
Hope you are not bored to death by the MACD. You shouldn't.
Good luck.
More...
 
Big appl and Alex;

I like this idea, I've been watching it and it seems pretty accurate.

Question's (?).

What are your settings to the Keltner Channel?

And are you using all three SMA's.

Thanks
snarlyjack
 
Quote from trading_fishes:

use 3, 10, 1 with linear MA.. should tell u when to enter for each candle..
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Assume you are talking about the MAC -
not the Keltner Channel?

Thanx
 
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