Trading Trends with MACD | Forex Factory

  • Trading Trends with MACD

    From dailyfx.com

    MACD (Moving Average Convergence Divergence) indicator is one of the most commonly used indicators in Forex trading. MACD was developed in the 1970s by Gerald Appel as an oscillator that graphically displays moving averages in relation to price. MACD falls into the same family as RSI, CCI and Stochastics, but this indicator can be used to assist traders with finding market momentum, direction, and entries by understanding the MACD line, signal line, zero line and histogram. Before the MACD can become useful to us as traders, we first need to better understand its components. The MACD Line is displayed in red in the ... (full story)

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venzen
Feb 6, 2013 2:32am
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MACD is the business, for intra-day try the setting 3,12,9 instead of the default.
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Behzad.H
Sep 14, 2013 1:04pm
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momentum MACD:
http://www.forexfactory.com/showthread.php?t=446946
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johnel
Feb 6, 2013 1:19am
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macd is good...used in conjunction with other indicators is great.
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Brotyboy
Feb 6, 2013 1:53am
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'Estimated Moving Average'. Interesting.
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sfurqan
Feb 6, 2013 2:41am
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you mean fast ema=3, slow ema=12 & macd SMA=9 ??

Quoting venzen
MACD is the business, for intra-day try the setting 3,12,9 instead of the default.
Reply
Spreadbetter
Feb 6, 2013 2:51am
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All indicators were originally created for trading equities off daily time frames and above, not fx on lower TFs. You could argue maths is maths etc. however, if trading intraday it's advisable to look for the constants throughout that day; support, resistance, daily pivot, key psyche numbers and the momentum caused by sentiment as a consequence of fundamental policy bleeding through to the media.

Quoting Info Seeker
It was first intended for the Daily time frame, but it is now used in all TF's. The longer the TF the better it is utilized, as it is still a lagging indicator.
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Info Seeker
Feb 6, 2013 2:20am
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It was first intended for the Daily time frame, but it is now used in all TF's. The longer the TF the better it is utilized, as it is still a lagging indicator.
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