whats the best way to set the MACD for equties on a intraday basis? i was using (12,26,9) on a 5 and 10 min timeframe, but am seeing possibly better signals at (5,13,6). any thoughts?
6,77,34 and simple MA 20 (any time frame) with bollinger bands 20.2 When you have a down cross with the MACD above the zero line AND THE CLOSE IS BELOW THE MA, EXITLONG or sell short with a stop one tick above the last high (THE HIGH formed when the MACD was bullish) Duoble short when the MACD is below the zero line the same rule to the upside LORENZO
The same indicator on ER2 H6 (2 min) However nothing is perfect.... The best signal is generated when the Macd shows some divergences Lorenzo
Unusual parameters for MACD. How have you decided on them? Quote from Lorenzo: 6,77,34 and simple MA 20 (any time frame) with bollinger bands 20.2 When you have a down cross with the MACD above the zero line AND THE CLOSE IS BELOW THE MA, EXITLONG or sell short with a stop one tick above the last high (THE HIGH formed when the MACD was bullish) Duoble short when the MACD is below the zero line the same rule to the upside LORENZO