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Multi time frame Simple MACD system

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  • Post #821
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  • May 14, 2019 10:02am May 14, 2019 10:02am
  •  fx82
  • | Joined May 2019 | Status: Junior Member | 1 Post
Dear Gurus,

i tried to load the 3ColorMACD on my MT4 but it is not displaying anything. Pls refer attached screenshot.

Did I miss out on any step? Appreciate your kind advice.

Thank you in advance!
Attached Image (click to enlarge)
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Name: Capture.JPG
Size: 99 KB
 
 
  • Post #822
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  • Feb 29, 2020 10:58am Feb 29, 2020 10:58am
  •  Robert S
  • | Joined Feb 2014 | Status: Member | 22 Posts
What would be the Monthly value MACD on 4H ? So I want to see the 4H chart, but have the values of the Daily, Weekly and Monthly below
for Daily it's 72 156 54, for Weekly it's 360 780 270, how about Monthly on a 4H Chart? How do I work it out ?
@PocketMoneyInv on Twitter
 
 
  • Post #823
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  • Mar 18, 2021 12:00pm Mar 18, 2021 12:00pm
  •  nhatzim
  • | Joined May 2018 | Status: Member | 9 Posts
Quoting garfield75
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After going through lot of complex trading systems and indicators.. I have now using system which is very simple and seems to work well. so I am sharing the system here with everyone. Please provide your view point and maybe someone can help me automate this system. It uses only 1 indicator 3ColorMACD. 3 setting for the indicator on 4 hour chart 1) 12,26,9 2) 72,156,54 3) 360,780,270 3 setting for the indicator on Daily chart 1) 12,26,9 2) 60,130,45 3) 240,520,180 I trade it on 4 hours chart only. Buy when all 3 setting of 3colorMACD turns Green....
Ignored
Thanks Garfield it is a good method!
I am trading US index futures, for many years I was working on the concept of "Triple Screen" or Dow Theory or Fractal markets, you name it. Once had bought a method from Watt Trading Group which had a similar idea but it was missing the third and larger trend time frame (TF) MACD.
In that system it was used the MACD 5-34-5 EMAs on closing basis, he was using it in 1 or 3 minutes for scalping the NASDAQ, and I was trying to work this idea on the Daily - Weekly - Monthly with that MACD. Your MACD is the default one perhaps but I am sorry I cannot understand why the vast majority of trading community is using a such laggard timing tool! However it has become a self - fulfilling prophecy because so many are using it.

I would like to trade the trend with your idea, but using different parameters for the MACD inspired by the W. Colby book which deals with testing indicators and optimising them. Then in order to trade the trend as I would like to I had to find a technical tool that tells me somehow that from now on is not worthy to trade anymore - momentumwise - the market. So i delved into the Force Index (2) and (13) in order to have a balance on my indicators those deriving from price and time and those deriving from volume price and time. I used the guidelines set by its creator Dr. Al. Elder. Every time I saw FI(2) or/and FI(13) diverging accordingly I was tightening my stops not on the daily but on the 4 hour or even on the 1 hour time frame. I am also using the MACD histogram (or difference) for adding on to my position and for divergences or when it slopes on the opposite direction is an alarm call.

Since in Forex you do not have a plot of volume from direct volume data in order to have the Force Index (2 & 13), you should plot the MACD histogram (Default values you use) and when it starts to bend by sloping on the opposite direction should tight stops in a lower time frame. It is a matter to investigate if anyone from this thread is interested in researching.
thanks again!
 
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  • Post #824
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  • Last Post: Apr 24, 2021 10:03am Apr 24, 2021 10:03am
  •  Sorobanista
  • Joined Jan 2017 | Status: Member | 434 Posts
Quoting nhatzim
Disliked
{quote} Thanks Garfield it is a good method! I am trading US index futures, for many years I was working on the concept of "Triple Screen" or Dow Theory or Fractal markets, you name it. Once had bought a method from Watt Trading Group which had a similar idea but it was missing the third and larger trend time frame (TF) MACD. In that system it was used the MACD 5-34-5 EMAs on closing basis, he was using it in 1 or 3 minutes for scalping the NASDAQ, and I was trying to work this idea on the Daily - Weekly - Monthly with that MACD. Your MACD is the...
Ignored
Hi, could you show in the graph some example with the two rsi?
I think that despite the macd's delay, it is better to be late than wrong.
Caution, patience and balance.
 
 
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