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Technical Analysis: Power Tools for Active Investors by Gerald Appel

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The Fourth Step: Fine-Tune Your Intermediate-Term Studies with Studies Based on Shorter-Term Daily—or Even Hourly—Market Readings

The following tools and tactics should help you develop more precise entries and exits, even if you are an intermediate term trader.

  • Check out daily and/or hourly data for short-term market trends and momentum. MACD, rates of change, chart patterns, and shorter-term hourly and/or daily market cycles might be useful.

  • Here’s a special short term buy/sell timing model: The short-term version of the Daily Based Breadth Impulse Signal triggers infrequently but very reliably to indicate shorter-term, high-momentum market advances. This indicator can be employed with MACD as a sell filter, in which case it can graduate into ...

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