O'Reilly logo

Technical Analysis: Power Tools for Active Investors by Gerald Appel

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Reviewing Rules and Procedures Associated with the MACD Indicator

A lot of ground has been covered in this section, so we conclude with a summary of the rules and procedures that can be associated with the MACD indicator.

Creating and Maintaining Your MACD Indicator

You should calculate and maintain sets of three MACD combinations: one daily-based set for shorter-term trading, one weekly-based set for longer-term trends, and, if you want, one monthly-based set to reflect major long-term trends. The MACD indicator can be followed for day trading as well, in which case 5-minute, 30-minute, and 60-minute sets are likely to prove very useful.

Each set should employ a short-, medium-, and longer-term MACD combination. These might include, for example, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required