Wednesday, October 24, 2012 8:05:19 PM
60 min/Daily/Weekly MACD chart.
1.....60 minute MACD fastline normal setting.
2.....12,26,0 MACD shows the fastline as a histogram to enable trader to observe click up or down of the fastline.
3.....78,69,0 MACD represents the DAILY simulated fastline and next setting as histogram.
4.......276,600,0 MACD represent the Weekly simulated fastline, etc.
This chart represents the buy/sell on the fastline cross. You can also modify the buy/sell to either the uptick or downtick of the simulated fastline via the 2nd 60 min MACD indicator.
What this chart hopes to give the trader goes along with your thoughts of yesterday to trade the 60 min chart in the same direction as the daily/weekly charts. It is plain to see here with a quick glance what the daily/weekly trends are at any given time.
You will also note, we use 3 moving averages. 14 MA, 9 EMA and 6,-1 EMA. The green line EMA (6,-1) is called Gung-ho because he moves the quickest and when the green line crosses the red you want to act.
1.....60 minute MACD fastline normal setting.
2.....12,26,0 MACD shows the fastline as a histogram to enable trader to observe click up or down of the fastline.
3.....78,69,0 MACD represents the DAILY simulated fastline and next setting as histogram.
4.......276,600,0 MACD represent the Weekly simulated fastline, etc.
This chart represents the buy/sell on the fastline cross. You can also modify the buy/sell to either the uptick or downtick of the simulated fastline via the 2nd 60 min MACD indicator.
What this chart hopes to give the trader goes along with your thoughts of yesterday to trade the 60 min chart in the same direction as the daily/weekly charts. It is plain to see here with a quick glance what the daily/weekly trends are at any given time.
You will also note, we use 3 moving averages. 14 MA, 9 EMA and 6,-1 EMA. The green line EMA (6,-1) is called Gung-ho because he moves the quickest and when the green line crosses the red you want to act.
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