Stocks & Commodities V. 35:12 (10–15, 41): Weekly & Daily MACD by Vitali Apirine
Product Description
Weekly & Daily MACD by Vitali Apirine
The moving average convergence/divergence oscil-lator (MACD), developed by Gerald Appel, is one of the more popular technical analysis indicators. The MACD is typically used on a single timeframe, but what if we looked at two timeframes on one chart?
The indicator I’ll discuss in this article, the weekly & daily MACD (W&D MACD), combines (as you may have guessed) weekly and daily MACD oscillators on a daily chart. Each oscillator turns two moving averages into a momentum oscillator by subtracting the longer moving average from the shorter moving average. Traders can look for relative daily MACD line crossovers, weekly and daily centerline crossovers, and divergences to generate trading signals. Because the W&D MACD is not bounded, it is not particularly useful for identifying overbought and oversold levels. Here’s how you calculate it ...
The moving average convergence/divergence oscil-lator (MACD), developed by Gerald Appel, is one of the more popular technical analysis indicators. The MACD is typically used on a single timeframe, but what if we looked at two timeframes on one chart?
The indicator I’ll discuss in this article, the weekly & daily MACD (W&D MACD), combines (as you may have guessed) weekly and daily MACD oscillators on a daily chart. Each oscillator turns two moving averages into a momentum oscillator by subtracting the longer moving average from the shorter moving average. Traders can look for relative daily MACD line crossovers, weekly and daily centerline crossovers, and divergences to generate trading signals. Because the W&D MACD is not bounded, it is not particularly useful for identifying overbought and oversold levels. Here’s how you calculate it ...
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