intraday indicators

[Schaefer]

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'm with Volente, MACD works best for me when it's ranging. Defined trend? Well why would you need an indicator to tell you it's trending, when you already know it's trending?

 

[drew4784]

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

do you use this strategy in real time? what is your success rate?

 

[Cheese]

Quote from volente_00:
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.

MACD by itself is too rough to be an accurate indicator. As correctly presented by Lorenzo, it is when MACD is referenced with a suitable independent MA that it can begin, to a degree, to give a playable account of itself.

 

[drew4784]

Quote from Cheese:

MACD by itself is too rough to be an accurate indicator. As correctly presented by Lorenzo, it is when MACD is referenced with a suitable independent MA that it can begin, to a degree, to give a playable account of itself.

i've started to apply ADX w/ MACD and i've seen some nice results overall