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You use both with a buy at cross up through 0 line, and sell at a cross down
through 0 line. You will not get it at bottom or out at top but it will keep
you in trade for primary trend. Both can be called intermediate traders.
Yes, I have found them to be dependable in trending stocks not those stuck
in a range.
the MACD with a trigger, in this case 89 day of the difference between the
13, 34 is a means of providing direct entry/exit points. Go ahead and try
them, do the trades fit your mindset?
BTW: Dahl on the Dow is a good market caller.
Richard Estes
http://www.intop.net/~restes/
-----Original Message-----
From: Lian PL <lianpl@xxxxxxxxxxxxxx>
To: Tony Lonsdale <tonyl@xxxxxxxxxxx>
Cc: metastock-list@xxxxxxxxxxxxx <metastock-list@xxxxxxxxxxxxx>
Date: Wednesday, February 18, 1998 3:33 AM
Subject: Re: Question for Richard E.
>I agree with you Tony and a further question for Richard. Why do you
>subtract the moving average of a moving average in the third elemnet. Why
>not just use the first two elements, meaning mov(c,13,e)-mov(c,34,e).
>Isn't it simpler. Also how do you use it?How reliable is this indicator
>from your experinece. Should Dahl be used for short term or intermediste
>tradinh? Thanks you
>pete
>
>On Tue, 17 Feb 1998, Tony Lonsdale wrote:
>
>> > -----Original Message-----
>> > From: Richard Estes <restes@xxxxxxxxx>
>> > To: Dick <dick@xxxxxxxxxxxxx>
>> > Subject: Re: Question for Richard E.
>> >
>> > When a beginner ask me for an indicator to use until he
>> > catches on to TA, I say MACD(13,34,89), Dahl Primary trend,
>> > 89 time series MA with an 8 day shift right.
>> >
>> > MACD(13,34,89)
>> > Mov(C,13,E) - Mov(C,34,E)-Mov((Mov(C,13,E) - Mov(C,34,E)),89,E)
>> > in a histogram format for visual
>>
>> More info please? How should the MACD(13,34,89) be used/interpreted?
>>
>>
>> > DAHL
>> > Mov(C,50,S) - Ref(Mov(C,50,S),-15)
>> > in histogram format.
>>
>> Same again please Richard? How should DAHL be used? We beginners are
>> learning so much from you guys and we appreciate it. So please excuse
>> the simple questions.
>>
>> Tony
>> ----------------
>> Tony Lonsdale
>> Fishing Point
>> Australia
>> ----------------
>>
>
Attachment Converted: "c:\eudora\attach\Richard T. Estes Jr..vcf"
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