Hope you are not bored to death by the MACD. You shouldn't. Here's an interesting way to use the MACD indicator. This is for evaluating when markets are overbought and oversold using the MACD. Pretty weird, huh? Here i go: The premise of this particular use is that price swings above and below value represented by a moving average (exponential or not, but exponential would be better, more in the "present"). What we want to do is measure how far has price distanced from it's moving average. I would select a 24EMA and since i am a daytrader and do not care about the close of the periods i use the (High+Low+Close)/3 as the base for the calculation. Now, i want to see how far has price gone above and below the 24 EMA of the H,L,C,3. For that i will plot a MACD(1,24,1) of the high+low+close, all divided by 3 also called the "typical price". So this will actually tell me, for each period, how far the typical price is from the 24EMA "value" line. Ok, now, i need to look back, in order to be able to evaluate if price is overbought or oversold. So let's look back 200 periods ago. The highest high of our MACD(1,26,1) is the maximum power of bulls over our 200 bar lookback period, and the lowest low of our MACD(1,26,1) is the maximum power of bears over our 200 bar lookback period. Whenever MACD(1,26,1) comes close to the maximum value it is overbought and whenever it comes close to it's minimum value, it's oversold. I ain't telling more. It depends on each one to test and see how his/her method can benefit from this rather rudimentary technique. I always liked simple stuff so that's why i develop simple stuff that anyone can use.... Good luck.