Multi pair MACD - multi time frame
I would like to draw attention to one more thing (I feel it is not clarified enough)
Gerald Appel : "Technical Analysis - Power Tools For Active Investors" - page 169
Quote:
As illustrated in Chart 8.2, the signal line is an exponential average of MACD levels, not of
the price of the investment vehicle or index that is being tracked. Signal lines are usually
created employing three-day to nine-day exponential averages of MACD lines. The shorter
the average is, the more sensitive the signal line will be.
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(and so on...) For those of you not familiar with who Gerald Appel is, he is the man who invented MACD
regards
mladen