The mod macd is something Matt posted about that another member
told him about.
Matt posted 30 min SPY and SPX charts with the macd histogram
settings of 25-170-25 and an 8 ema.
Further discussion here discovered that when the 8ema crossed
the histogram that was an early signal and then when the histogram
crossed the zero line that was the original or confirmation
signal.
Sure it can be whipsaw like at time but works well enough with
other tech tools. Also, i think Steve later posted a 5 min SPX
showing the same 25-170-25 with plain 8 ma and that works well on a
shorter term basis.
Nothing fool proof so watch it and get used to how it works in
conjunction with other tech tools.
Posted by angelo851 on 3rd of Nov 2011 at 10:36 am
I too use the EMA crosses of the MACD Hist for signals but I've
changed the 8 EMA to 5 EMA. It gets me in quicker. I also use the
ADX 14 and 3 EMA/13 EMA crosses to confirm the signal. You
need the ADX 14 especially because during the big drop this summer
you would have been whipsawed just trading the EMA crosses of the
MACD Hist.
This MACD Hist 8 EMA crossover is one of the best things Matt
has come up with!
Posted by angelo851 on 3rd of Nov 2011 at 01:45 pm
The MACD Hist is crossing the -0- line suggesting more upside
but the 8 or 5 EMAs are near crossing. ADX 14 nor the 3/13 EMAs are
close to crossing yet as of 1:45 EST.
but i am looking to be short vs go long here based on other
indicators, but could be wrong check out the 5 min version
below...sometimes an early early warning system....though we could
see a last leg up to 1263-1267, imo...
Mod Macd
Posted by perthx on 1st of Nov 2011 at 10:09 am
Has anyone else been following it? It has been giving wonderful signals.
Hey Perthx, I thought your
Posted by amaslush on 1st of Nov 2011 at 11:19 pm
Hey Perthx, I thought your updates were great and helped my % return. please continue
db
sorry wasnt reading this board so much
Posted by perthx on 2nd of Nov 2011 at 03:41 pm
The mod macd is something Matt posted about that another member told him about.
Matt posted 30 min SPY and SPX charts with the macd histogram settings of 25-170-25 and an 8 ema.
Further discussion here discovered that when the 8ema crossed the histogram that was an early signal and then when the histogram crossed the zero line that was the original or confirmation signal.
Sure it can be whipsaw like at time but works well enough with other tech tools. Also, i think Steve later posted a 5 min SPX showing the same 25-170-25 with plain 8 ma and that works well on a shorter term basis.
Nothing fool proof so watch it and get used to how it works in conjunction with other tech tools.
I too use the EMA
Posted by angelo851 on 3rd of Nov 2011 at 10:36 am
I too use the EMA crosses of the MACD Hist for signals but I've changed the 8 EMA to 5 EMA. It gets me in quicker. I also use the ADX 14 and 3 EMA/13 EMA crosses to confirm the signal. You need the ADX 14 especially because during the big drop this summer you would have been whipsawed just trading the EMA crosses of the MACD Hist.
This MACD Hist 8 EMA crossover is one of the best things Matt has come up with!
angelo, please
Posted by perthx on 3rd of Nov 2011 at 12:49 pm
please send me a stockcharts link with your settings!
I see the histogram is close to crossing but i also see we are close to pivot resistance and a possible top...gonna be careful here.
The MACD Hist is crossing
Posted by angelo851 on 3rd of Nov 2011 at 01:45 pm
The MACD Hist is crossing the -0- line suggesting more upside but the 8 or 5 EMAs are near crossing. ADX 14 nor the 3/13 EMAs are close to crossing yet as of 1:45 EST.
Woops, meant the 8 northe
Posted by angelo851 on 3rd of Nov 2011 at 01:47 pm
Woops, meant the 8 northe 5 EMAs are near crossing to the downside.
it looks like we are
Posted by chlo888 on 3rd of Nov 2011 at 11:23 am
it looks like we are about to get a by signal on the 30 min mod macd system right?
chlo888 it did
Posted by perthx on 3rd of Nov 2011 at 02:51 pm
but i am looking to be short vs go long here based on other indicators, but could be wrong check out the 5 min version below...sometimes an early early warning system....though we could see a last leg up to 1263-1267, imo...
matt's orignal post 31st of Aug 2011
Posted by perthx on 2nd of Nov 2011 at 04:33 pm
If you wanted to go back and find Matt's initial post....
e-mail to me from a member
Posted by: matton the 31st of Aug 2011 at 05:07 pm
Also check out:
http://breakpointtrades.com/blog/post/173535/#173643
What is the MOD Macd?
Posted by ronroy on 1st of Nov 2011 at 03:10 pm
What is the MOD Macd?
which macd are you referring,
Posted by john9o9 on 1st of Nov 2011 at 01:04 pm
which macd are you referring, there have been several.