Hi Vellori,
Looks like we can even do without "3".. taking only 15 sma...coupled with MACD..looks almost similar (replacing 3 with actual tick movement of the stock) and today I ahve noticed MACD 26,8, and period=3 does the cross over before the sma.. But sometimes the reverse as well.
Guess, some stock suggestions would help to track this as sometimes it doesn't generate .5% upmove. I tried (tracked.. no actual trade) with Aban, Relinfra, Nifty,DLF, Axis today.
If you can putup some stock listing where this will work.. will be good. In anyway thanks.
Looks like we can even do without "3".. taking only 15 sma...coupled with MACD..looks almost similar (replacing 3 with actual tick movement of the stock) and today I ahve noticed MACD 26,8, and period=3 does the cross over before the sma.. But sometimes the reverse as well.
Guess, some stock suggestions would help to track this as sometimes it doesn't generate .5% upmove. I tried (tracked.. no actual trade) with Aban, Relinfra, Nifty,DLF, Axis today.
If you can putup some stock listing where this will work.. will be good. In anyway thanks.
Yes...you are right. It will do without 3 SMA. But 3 SMA atleast helps us to ignore very minor whipsaws caused by ticks if not more.
Use any of the two ie either 3/15 SMA or SMA. If you want to use both, use 3 SMA crossover as an anticipatory crossover of MACD. It seems there is difference my MACD settings and yours. Mine are 26(First period), 12(Second period), 9(Signal time).
Watch closely this DLF chart of today....there are ample of profitable trades.
It should work on any chart my friend. SORRY TO BE ROUGH ON THE CHART.
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