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Strategies & Market Trends : TC2000 Users Technical Analysis Forum
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To: CatLady who wrote (1177)11/8/1998 10:49:00 AM
From: Rob Kipp   of 3291
 
CatLady,

You are correct, TC2000 gives us a histogram of the MACD indicator. The conventional (2-line) MACD indicator for many is much easier to see , plotted as a line and pin points entry and exit points easier for some.

I like the Histogram better with the trigger line because you can not only see your entry and exit points (I feel just as clear as the line method) but you also have a 'trigger' to use.

Try this one: instead of using the conventional 13-34-9 MACD use a shorter one 5-35-9. Take a look at IOM. Now overlay in the same window (a winning Stochastic) of 13-8-7. No other indicators in window.

You will note (for IOM) that since May the May 10th sell signal for MACD in IOM - that no but signal was give until Oct 20th.

Using Stochastics 13-8-7 noted above, you could have made 2 short term profitable trades, but the third buy came a week earlier than the MACD 5-35-9. But... using the trigger line (9) it gave a divergance (change coming) from the noted sell signal to a possible buy.

I trade using the above stochastics, along with volume and stay in the trade when the ""trigger"" line concurs with a change in histogram to a stocks ""possible"" crossing -0- line.

Not sure if this makes sense- but it keeps you in winning trades. At tops - use ""trigger line"" to start placing 'stops' to keep profits.

I use and trade with histograms - adding the important trigger line as my guide in keeping profits at tops.
Rob
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