How I use MACD - Moving Average Convergence and Divergence | Forex
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Hi This is Erich from Traders Helping Traders with this week's Big Weekend Edition Tricks of the Trade. You can see the full issue here http://www.supportandresistance.com/macd-moving-average-convergence-divergence.html We're looking at the MACD this week, specifically how I use it. You can read the text copy of the video on the same page. In the next lesson, I'm going to show you how you can use these trading indicators in conjunction with each other, because quite frankly, indicators can be helpful, but they're all missing a piece. However if you can put them in the right combination, oftentimes you will be able to get a better perspective of what's going on in the marketplace. The MACD is an exceptional indicator. If you're going to be using an indicator, you probably want to have MACD somewhere in the mix.
Comments
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Thank you for this video
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the histogramm is to display the difference between the trigger line and the MACD line and not to indicate where MACD crosses the line.
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will this also work on hourly charts and can it be used for intraday trading??
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GOOD solid MACD i use it in forex and its one of the best on long term indicators as long as your following the rules expect a positive outcome in the long run.
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it seems noisy using that kind of setting
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very nice helpful video,,,,
kindly what is the best time frame that fits MACD trading? -
Hey Eric, I'm a beginner and your video has been really helpful to me but I was wondering what program you are using to do all this?
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MACD will never be a good indicator. No matter what the settings, time frame, or instrument, it's always a 50/50 shot. Overbought/oversold do not mean a thing. I will never trust a lagging indicator again!
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name the indicator s?
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nothing new or innovative..
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What this guy is teaching is important, but what is missing is that MACD divergence is only a secondary indication of a trade. You need to take a trade on price, not an arrow (look at how many losing trades there are). Let MACD tell you which direction, and let price tell you at where.
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how to setting the MACD?? where to put 3? where to put 5? how to get same as chart?
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What trading platform do you use?
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The MACD indicators can be different depending on which timeline you use.. eg. 1 year MACD is over the ZERO line, 3 day MACD is under the ZERO line. Which time line is the right one to use?
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Good Vid....well explained.
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what is the name of first indicator please can you tell me?
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i like your english my friend :) thanks for all
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Anywhere I can get a free MACD level reached MT4 signal indicator?
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Hi Erich, what happens when you find divergencies between MACD(12,26,9) and MACD(3,5,13)? For instance, I have a case with prices heading low between highs one and three whilst heading high between highs two and three. MACD(3,5,13) follows this tendency however MACD(12,26,9) shows prices heading low on all three highs. What would you do here to know what's going on?
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FYI, 3, 5 and 13 are Fibonacci numbers.