BMI - MacD Magic Monster

Hi bluemental.. Really appreciate your time and effort on this monster indicators.

After all these years on trading, i have analyzed so many indicators to find a strategy and all took a lot of time to predict and finally after finding your thread it made me to find THE ONE easy one..

Need a small favor.. i hope you can do it

can you add time frame to all the four indicators

Expecting a reply from you very soon.. T

i am waiting.. and thanks to you bluemental.. Thanks a lot..

It was best research on MACD. unlikely this not gone long and diverted to another topics. Blumental has worked on MACD very intelligently. more research need let us see if someone go deep in it.

Bluemental's Magic Monster system still works made some modification in BMI Long indicator and still it is under development.
have a look at this

I am sorry but I can not see any of the pictures of the links included in the posts 1 and 2, so it is difficult for me to understand well this system.

Can anybody, please, help?

Thanks in advance.

Where is SL and TP on your chart? How to decide WL or RR ratio of this system?

This is not readymade trading system by Bluemental he made research and find out findings on MACD. you can use it according your convenience. read full thread and make yourself your own trading rules.
Regards,

Thank you. I mean how do YOU decide that system works?

Dear Friend Here is how system works for me

intresting thread however i can't seem to understand how to setup the ema's from page 1. since the images are not viewable this renders the thread unusable for me. i have tried to work things out however lost in transalation with these numbers.
is the op saying to use these ema's on the chart (Here is the MacD (75,365,60) or are these the new settings for the MACD.

Here is the MacD (75,365,60)
As well as the EMA's
EMA 500 (75+365+60)
EMA 290 (365-75)
EMA 8 (75-60)/2 (rounded up)

Now the following picture Has some EMA's on it. (no picture avaliable)
EMA 47 (12+26+9)
EMA 14 (26-12)
EMA 2 (12-9)/2

I've gone through this thread a few times and can't work out what he's trying to do, I think i'm switched on and have been trading for 5yrs and i might be complacting Bluemental's concept. Not having the images at the start of the thread makes it a challenge to work out what base timeframe he was using to base the MacD and ema's off.
I think what he was trying to do was: use a base timeframe lets's say a 15min chart and then setup each chart he liked to trade or watch while at the same time using the same ema's below however scaled to each time frame.
So lets say this was the 15min chart settings, he then would convert each ema on each timeframe so each timeframe would show the same setup of the ema's? i could be way off the beaten track here?
EMA 47 (12+26+9)
EMA 14 (26-12)
EMA 2 (12-9)/2

The 290, 500 ema's. I have no clue as to how these are used on each timeframe? i'm asuming that if the 15min was his base timeframe then these also would have to be adjusted for each time frame
I'll keep re reading the thread and see if I can understand it more.

I'm on Tradingview so the attachmnets are of no use to this platform.

I use something similiar to his concept and that's why I'm here to understand more of how he setup his charts. It's a shame that the first few pages of images that the links are dead.

Using the 8,290,500 emas across timefarmes when you get to smaller chart timeframes the emas become massive and uselss so I'm leaving it for now.
He has some calcs on page 2 or 3 however they are off by my findings, i could be wrong?
For me the issue stems from: where did he set his base timeframe from, to come up with the ema numbers, he is not clear on this so going forward this is useless for me.
i have found the best way to deal with this is to setup a 15min chart as the base line and use 2,5,14,47 emas and then math it out for a lower timeframe like a 5 or 3min chart which is how I trade. I gerenraly use a 10 and 3min chart for NQ and Oil.

I now think he based the moving averages MacD on a 1H chart, I could be wrong with this.

Base from on 1h
2,14,47
120, 840, 2280 ( 2x60 =120 as example etc)

So the following emas lengths are what you need on the following charts
30min
4, 28, 76

15min
8, 56, 152

10min
12, 84, 228

3min
40, 280, 760

Screen shot of 1H and 3min chart with ema's scaled on 3min chart from 1H.

I'm only using the 1H & 3min as an example so, if you were trading the 1H and wanted a tighter entry or exit via the 3min this is how you would set it up....I think?
As mention in previous posts, the 8, 290 and 500 not sure how this is setup on the smaller time frames.

Base from on 1h
2,14,47
120, 840, 2280 ( 2x60 =120 as example etc)

3min
40, 280, 760

https://www.forexfactory.com/attachm...l?d=1751656404

Is there any chance of getting the template for the above chart?

I've been through this thread many times and have now become more confused than ever and I really need to walk away however, i do have a love hate relationship with the MACD and that's what stired my interest.

The problems still arise with the MACD or any incarnation of it because all it's measuring is the convergence/divergence between a 12 and 26ema, you can use any length ema's. We could also say that the zero line is where price turns around however none of this is true and the 9ema/signal line of the MACD is usless in my minds eye.

I think using the MACD line and the 47ema as cross entries and maybe exits is the best work around based on this thread, the 14ema is handy however not really needed. I like scalping the 1min for the NQ so using a 1, 5, 15min chart setup would be ideal making sure that when you enter that all trends, ema's are looking the same.
The Op uses 2, 14, 47 emas so the 2 is the MACD line, 14 is the signal and 47 ema the zero line.
I think the 2ema is to fast so i use a 3 or 5ema. Play around and see how you go.

The other way to do things is to use a 12 and 26 ema on the chart as this is what the MACD is measuring, if price (MACD LINE BLUE, 3EMA) on my chart) crosses the 12 AND 26ema then it could be a long bet or a short bet depending which way the market is going.
I look at the MACD line as momentum, how fast the distance is moving between the 12 and 26ema's, convergence/divergence.
look at MY chart attached.
When the signal line (2 or 3ema) crosses the 12 ema it's now converging with the 26ema, when the signal line (2 or 3ema) cross the 26 ema it's now diverging away from the 26ema.
When the MACD is showing correct signals the thing is excellent however like most indicators there's a stack of false signals.
I don't use the MACD now, I only use ema's

My chart settings
3ema Blue
12ema Yellow
26ema Purple
Nothing is certian in trading and a bunch of squiggle lines on the chart is just that.

here is a chart that examples price moving up using 3, 12, 26ema's and the MACD. you can clearly see that the MACD does NOT show trend like using an ema and that is what the Op of this thread was talking about.
The MACD can show direction or what I call short time direction which i find useful for scalping. Using three charts like a 15,5, 1min charts or 30, 5, 1min charts can be handy. Use the longer timeframe chart for direction using a MACD or ema's and then find entries and exits on lower timeframes. It can be done and that's how I saclp the NQ.

Sure would love to have this template and lower indicators. Thanks very much.
https://www.forexfactory.com/attachm...l?d=1751656404

here is my current scalp from tonight on the NQ, 30, 5, 1min charts using the MACD on the 30min for direction and then looking for scalps on the 5 and 1min charts.
the ema's are 3, 12, 26.
3ema is like the MACD line measuring momentum between the 12 and 26ema. i have this setup so i can see both price, MACD and of course the ema's which the MACD is measuring.

Looks like everyone stopped posting here. Very Confusing.

there's nothing more to post about, the original thread owner hasn't posted in years and you can't see his charts on the first few pages so the thread is dead.