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how can we use MACD to place an order ?
when to buy or when to sell regarding the pattern of MACD.
sory I'm newbie in forex
great thank's
you can use it in many ways:
1-MACD has a center line , which shows zero line.
the trader can buy when SIGNAL LINE cross it in upward move and sell vice.versa
in figure I have showed it with GREEN and ORANGE SIGN.
2-the trader can buy when signal line cross the EMA line in upward move and sell it V.V. I have showed it with RED and BLUE circle.
like the other indicators , you can see divergence and of course hidden divergence on this indicator, and as MACD is a lagging indicator , its signals are very reliable.
some of traders belived that on this indicator you can see classic price pattern , like HEAD & SHOULDERS , TRIANGLES ,.... but it seems not very logiclal idea .
for more informations you can read the GERALD APPEL book , who is the MACD innovator.
Technical Analysis: Power Tools for Active Investors , by gerald appel
the MACD-ON-CHART indicator has been writen by KHASHAYAR TALEBI , and the second belongs to dear mladen .
How very?
Divergencies are good for daytrading maybe. For 15 min they don't mean a thing.
Otherwise good stuff, well said.
it can be reliable on 15 min , if and only if , we consider the upper time frame .
for instance if H4 is bullish trend, then in m15 only notice the divergences which shows higher low.
as you say , watching only m15 is not useful . forex market is fully multi time frame market.
as you say , watching only m15 is not useful . forex market is fully multi time frame market.
Nah! That is wrong. If you are using a 4 hr timeframe, that is what you are using. Thinking that combining 15 min and 4 hour and you are trading multiple time frame is wrong. No matter what TF or indicator you are using, if you use several timeframes or indicators with different period, you are still trading 1 indicator - biggest, or 1 TF - longest.
It is a joke how people are putting 14 CCI and 34 CCI on chart, and looking for signals on both
you can use it in many ways:
1-MACD has a center line , which shows zero line.
the trader can buy when SIGNAL LINE cross it in upward move and sell vice.versa
in figure I have showed it with GREEN and ORANGE SIGN.
2-the trader can buy when signal line cross the EMA line in upward move and sell it V.V. I have showed it with RED and BLUE circle.
like the other indicators , you can see divergence and of course hidden divergence on this indicator, and as MACD is a lagging indicator , its signals are very reliable.
some of traders belived that on this indicator you can see classic price pattern , like HEAD & SHOULDERS , TRIANGLES ,.... but it seems not very logiclal idea .
for more informations you can read the GERALD APPEL book , who is the MACD innovator.
Technical Analysis: Power Tools for Active Investors , by gerald appel
the MACD-ON-CHART indicator has been writen by KHASHAYAR TALEBI , and the second belongs to dear mladen .
I attached both of them .
Thank's mr. macd&rsi for the answer,
Are here in this forum available e-book from Gerald Appel ?
it can be reliable on 15 min , if and only if , we consider the upper time frame .
for instance if H4 is bullish trend, then in m15 only notice the divergences which shows higher low.
as you say , watching only m15 is not useful . forex market is fully multi time frame market.
What parameter are suitable in specific timeframe, for example in TF 15M what are the parameter and what are in TF 4H.
What parameter are suitable in specific timeframe, for example in TF 15M what are the parameter and what are in TF 4H.
thank you
it doesn't matter which set you choose. MACD has built on three moving averages.
first calculate the diference between two 12 ema and 26 ema then calculate the 9 ema of that difference line .
it depends on you .
at the end , search the 4shared.com - free file sharing and storage
When it returns myordertype=2, it sends a buy order, and =1 a sell order.
Before this int, there was somewhere:
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if (myOrderType==1 && ContinueOpening)
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OrderSend(Symbol(),OP_SELL,mylotsi,SellPrice,slipp age,sl,tp,"10p3-Sell",Magic,0,Red);
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Look at the code, and try to understand the logical job.
Linear Mode
