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One setting that I have used before was the 5/34/5 setting which has been
touted by the likes of Bill Williams. Like most other indicators, it will
only work when the structure of the market fits that particular setting.
When the market changes its structure, then that setting will fail. It will
keep failing until the market returns back to that same structure.
Remember markets never remain the same it always changes, it is when it
changes that it catches many traders off guard. Identify your signal,
execute your trade, and keep them stops tight.
Troy
wallst@xxxxxxxx
----- Original Message -----
From: <MRLYNNG@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 12, 2000 11:49 PM
Subject: [RT] Re: MACD
> In a message dated 06/12/2000 10:10:22 PM Pacific Daylight Time,
> rglucas@xxxxxxxx writes:
>
> << Can anyone recommend settings for a MACD oscillator on 5 minute bars?
>>
> ********************************
> It depends on how you are going to use it. It is different for turning
> points as opposed to trend determination. Just beware of one feature,
when
> there is a grinding trend, let's say trend is up, Macd slowly returns
toward
> zero (down) as price moves up. This can be disconcerting if you are not
> prepared for it.
> Lynn
>
>
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