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Need a faster MACD because...

  • #1
  • First Post: Jan 22, 2007 5:00pm Jan 22, 2007 5:00pm
I just realized something in the ol' Histogram Trading thingy I 'came up with'...Even if the trend is up and price closes down one day the MACD can still tick up, due to the high of the day I believe. So, if you're (I'm) looking for a re-entry on the MACD histogram it may not tick down for a re-entry for a long time...So, can someone recommend a faster MACD setting that they use so I can look at that also along with the 12-26-9 settings to look for potential entries....

Damn, been doing this for over 10 years and still have to look at things 20 times to see it all...
  • #2
  • Jan 22, 2007 7:22pm Jan 22, 2007 7:22pm
Quoting Palmer
I just realized something in the ol' Histogram Trading thingy I 'came up with'...Even if the trend is up and price closes down one day the MACD can still tick up, due to the high of the day I believe. So, if you're (I'm) looking for a re-entry on the MACD histogram it may not tick down for a re-entry for a long time...So, can someone recommend a faster MACD setting that they use so I can look at that also along with the 12-26-9 settings to look for potential entries....

Damn, been doing this for over 10 years and still have to look at things 20 times to see it all...
i read on investopedia that histogram is the derivative of the signal and macd line. So it's extra laggy. Even if you choose shorter time periods, the fact still stands that it's value is determined by the sums of values of the price action. With indicators you have to compromise, long period settings gives you a general direction of market but you sacrifice a good portion of it before you take action. And shorter period gives you a good entry but sacrificing many whipsaws before the market decideds on a true direction...
  • #3
  • Jan 22, 2007 7:36pm Jan 22, 2007 7:36pm
In Amibroker, there is a zerolag MACD. I know it must also exist for MT4. I think I saw a copy in one of my files, I will look for it and get back.
  • #4
  • Jan 22, 2007 7:53pm Jan 22, 2007 7:53pm
I just posted one, but it does not draw correctly. I have to fix the graphics.. be back in a few
  • #5
  • Jan 22, 2007 8:36pm Jan 22, 2007 8:36pm
Quoting Palmer
I just realized something in the ol' Histogram Trading thingy I 'came up with'...Even if the trend is up and price closes down one day the MACD can still tick up, due to the high of the day I believe. So, if you're (I'm) looking for a re-entry on the MACD histogram it may not tick down for a re-entry for a long time...So, can someone recommend a faster MACD setting that they use so I can look at that also along with the 12-26-9 settings to look for potential entries....

Damn, been doing this for over 10 years and still have to look at things 20 times to see it all...
Palmer,

If you want to understand the advantages and limitations of MACD then you should read or study Gerald Appel's book. He is, afterall, the inventor of MACD. He suggests that the long EMA is 2-3 time longer than the short EMA. The only lengths he mentions that are shorter than 12-26 is a 6-19.

I know this will sound a lot meaner than I intend but I find it ironic that you have one post going where people are going ga-ga over a system that you have written about (which I think you did a very nice job) and on this thread you are out searching for a better indicator.
  • #6
  • Jan 22, 2007 9:34pm Jan 22, 2007 9:34pm
Here is a zerolag macd that i downloaded from a public forum.. have not used it yet or modified it but you may find this useful or at least something new to play with..
Cheers, ~smooth
Attached File(s)
File Type: mq4 ZeroLag MACD.mq4   3 KB | 2,330 downloads
  • #7
  • Jan 22, 2007 9:44pm Jan 22, 2007 9:44pm
I did not build the original , I just made it a poor mans hull style .

t_david , not DavidWT .
Attached File(s)
File Type: mq4 Macd_Correct_Hull_Style.mq4   4 KB | 2,006 downloads
  • #8
  • Jan 23, 2007 1:34am Jan 23, 2007 1:34am
Joe DiNapoli uses settings 0f 8,13,9 & this is in effect a DiNapoli Macd.
Understanding is a three-edged sword
  • #9
  • Jan 23, 2007 7:33am Jan 23, 2007 7:33am
Phil:

I'm not looking for a better indicator than the MACD. I'm looking for a quicker MACD to use in conjunction with the 'standard' MACD.

Thanks for the other settings and files guys.
  • #10
  • Jan 27, 2007 10:51am Jan 27, 2007 10:51am
cascading MACDs
Attached File(s)
File Type: doc cascading MACDs.doc   65 KB | 2,919 downloads
memores acti prudentes futuri.
  • #11
  • Jan 27, 2007 10:56am Jan 27, 2007 10:56am
bfs:

Is this a representation of various settings of the MACD?
  • #12
  • Jan 27, 2007 11:06am Jan 27, 2007 11:06am
yes. the bar times are in the upper right-hand corner; in color, yet. the key is how the different times cascade OVER/UNDER the zero line. in conjunction with other indicators, this is the basis of "pro-active" set-up/trigger entry.
memores acti prudentes futuri.
  • #13
  • Last Post: Jan 27, 2007 11:09am Jan 27, 2007 11:09am
forgot to say -- the violet line is the 5 minute close line. notice how the cascading MACDs lead the close line.
/s/ bfs
memores acti prudentes futuri.
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