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Preston, as you probably know, a bullish MACDH/price divergence
occurs when price makes a lower high, but the MACDH makes a higher
low. A bearish divergence occurs when price makes a higher low and
the MACDH makes a lower high.
There are probably an infinite number of ways of defining divergences,
and the MACDH Divergence kit provides the best four methods
(original/alternative, major/minor) I've found after much testing.
The main difference between the kit's major & minor signals, is that the
former uses a more strict definition (i.e. more reliable). The minor
signals are more numerous, generally outnumbering the major signals
by 2:1.
In addition to the main signals, the kit provides Major MACDH
divergence warnings with high probability (approx 33%) on the day
before they occur - very handy when trading EOD.
jose '-)
http://metastocktools.com/MACDH/MACDHdiverg.htm
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx>
wrote:
> Jose,
>
> What is the difference between a major and minor MACD signal?
>
> Preston
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Jose Silva"
<josesilva22@xxxx> wrote:
> John, take a look at the MetaStock indicator set for Intraday Pivot
>levels found here:
> http://metastocktools.com/MACDH/Forex.htm
>
>
> jose '-)
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