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Mike,
My preference is to look (visually, using ROC, the slope function ...) at
trends in MACD (normalized) using a set of different periods: MACD(6,12),
MACD(12,24) , MACD(24,48), ... where
MACD(M,N)=(Mov(C,M,E)-Mov(C,N,E))/(Mov(C,N,E)+0.000001)
Nothing special in these period values - I just have a "feeling" for them.
>From my observations, some measure of a rate of change for MACD is more
informative to reflect a price tendency than the sign of MACD. Cannot say
why it's so. Actually, the common usage of MACD - crossovers with its
average - pursues the same idea of looking at MACD's change, not its sign.
Also, thanks to you and all others who sent comments on my problem with
Preferred brokerage.
Cheers, Vitaly
----- Original Message -----
From: "Michael Arnoldi" <arnoldi@xxxxxxxxxxxxx>
To: "aMETASTOCK" <metastock@xxxxxxxxxxxxx>
Sent: Monday February 05 2001 5:57 PM
Subject: looking for trend
> a formula to place in the "expert corner" to show bullish / bearish trend.
> i tried several ideas ( moving averages, macd >0) but i am not satisfied
> yet.
> i searched in "gupy" & "equis" but found nothing real good.
> any ideas ?
>
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