intraday indicators

Lorenzo · Feb 15, 2006

Quote from cnms2:

Unusual parameters for MACD. How have you decided on them?

Quote from Lorenzo:

6,77,34 and simple MA 20 (any time frame) with bollinger bands 20.2

When you have a down cross with the MACD above the zero line AND THE CLOSE IS BELOW THE MA, EXITLONG or sell short with a stop one tick above the last high (THE HIGH formed when the MACD was bullish)

Duoble short when the MACD is below the zero line

the same rule to the upside

LORENZO

The unusual values of the MACD are derived from my own research on this indicator

I 've tried to find a leading indicator for years and the MACD is one the best IMHO

The MACD shows very well:

- Divergences
- Trend
- Strength of trend
- Turning points

Lorenzo

easyrider · Feb 15, 2006

Macd always looks fantastic in hindsight. It points out every turning point, but I have yet to see anyone trade a macd crossover for any length of time and make consistent money with it. Not saying it cant be done, just that I havent seen it. I would like to see someone do it realtime.

dandxg · Feb 15, 2006

Quote from easyrider:

Macd always looks fantastic in hindsight. It points out every turning point, but I have yet to see anyone trade a macd crossover for any length of time and make consistent money with it. Not saying it cant be done, just that I havent seen it. I would like to see someone do it realtime.

I agree MACD and many other indicators look good with EOD data.

More power a trader that can use it real time.

cnms2 · Feb 15, 2006

I see the MACD as a band-pass filter, so I correlate its parameters with the time frame and the price's natural waves. I'm also looking at divergences for confirmation, but they don't tell me if a retracement or reverse is coming, and what's its magnitude.

I'll be watching your choice of MACD parameters. Thanks.

Quote from Lorenzo:

The unusual values of the MACD are derived from my own research on this indicator

I 've tried to find a leading indicator for years and the MACD is one the best IMHO

The MACD shows very well:

- Divergences
- Trend
- Strength of trend
- Turning points

Lorenzo

Schaefer · Feb 15, 2006

Quote from easyrider:

Macd always looks fantastic in hindsight. It points out every turning point, but I have yet to see anyone trade a macd crossover for any length of time and make consistent money with it. Not saying it cant be done, just that I havent seen it. I would like to see someone do it realtime.

AMT4SWA

easyrider · Feb 15, 2006

He must have changed his methods since I watched him but if anyone could do it he probably could. Where is he hanging out these days?

volente_00 · Feb 15, 2006

MACD works good if you combine some other indicators with it. It works great on range days but you get a trend day and you will get a lot of fake signals.

drew4784 · Feb 15, 2006

i find that MACD works best when there is a defined trend, either upward or downward. When there is a tight range, I see a lot of false signals

mauditebest · Feb 15, 2006

Quote from drew4784:

i find that MACD works best when there is a defined trend, either upward or downward. When there is a tight range, I see a lot of false signals

I had the same experience with MACD.

Schaefer · Feb 15, 2006

Quote from easyrider:

He must have changed his methods since I watched him but if anyone could do it he probably could. Where is he hanging out these days?

Last time he posted he had gotten himself a nice business proposition and it was the reason that he had to pull the charts and end the journal. He's a good man, I learned how to use MACD in real time through his journal.