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| Discuss Macd at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; MACD I'm attaching a chart of IBM Stock as an example of entering Long and ... |
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#1
16th May 2005, 06:03 PM
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Macd
MACD
I'm attaching a chart of IBM Stock as an example of entering Long and Short positions whenever MACD thick black line crossed above 0% or subsequently crossed below 0%. the chart is a little over a year, but because this is the only sample data being presented, it may not be a valid correlation. Play around with it and determine if this is something you'd like to employ from time to time as an added signal. I'd like to hear if anyone has had much success using this technique singularly or in association with other signals. I regularly use Moving Averages exclusively, but may use MACD in addition to. MasterChief Last edited by Masterchief; 16th May 2005 at 06:03 PM. Reason: Misspelled MACD 
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#2
16th May 2005, 06:15 PM
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Re: Macd
My experience has been that if you set RSI limits to 60/40 and then use it, it quite synchronises with the MACD though not exactly. In the graph you have given, you have taken only centralline crossovers as buy and sell signals but conventionaly the macd crossover can also be a buy signal though not as reliable as the central line crossover. These two also coincide with Martin pring's long term momentum indicator in Metastock.
It goes without saying that MACD is deemed more effective on weekly graphs for long term trends.
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#3
16th May 2005, 07:19 PM
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Re: Macd
sh50, Thanks for the insight. I don't traditionally use RSI, but I will evaluate.
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#4
18th May 2005, 07:09 PM
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Re: Macd
Masterchief:
I have found MACD to work wonderfully in trending markets but fail miserably in sideways market. Technique, I am working on is to first determine if the market is trending using Klinger OSc or Linear Regression Slope or VHF. If Market is trending use MACD else use Stochastic Osc. I use Metastock and I have seen in system test that MACD and Mov Avg average cross over fail in trending market. Have you worked with Guppy's MMA? I have jsut started exploring it. Results are impressive.
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#5
19th May 2005, 11:46 AM
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Re: Macd
In his book on trading which has been discussed elsewhere in this forum Mr. Ashwani Gujral has written about the use of the ADX indicator to determine if the market is trending or not. In a trending market, ADX values rise from very low values say from below 15 to around 30 and more than that is a consolidation phase or a trading market. Hope this is of some use but I have not used it personally and would like to know if metastock has it.
Regards, Snowy Quote:
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#6
31st May 2005, 12:19 PM
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Re: Macd
Quote:
MACD, MA etc are lagging indicators that work well only in trending but not in sideways markets(see Technincal Analysis A-Z)
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