Hi Charles. The two that have been mentioned in previous posts are very good.
Unfortunately, there really isn't that much out there that talks about the subtleties of the MACD. Gerald Appel is the originator, and he does have a video tape available as well as a "book" of sorts (it's about 25 pages long). I believe that he sells his stuff thru Signalert Corp, but I have also seen those listed in the Trader's Library catalog. But he only covers the basics, and doesn't talk about the subtleties by any stretch of the imagination.
Most of what I know about the MACD has been thru my own experience, looking at chart after chart after chart. I have gone thru many indicators, thinking "this is THE one". There is no ONE. There is MANY, many that work. The trick is to stick with a few, and get to know them, really know them. Each one has a different personality, and each one works differently in different types of markets. I just prefer the MACD over the others.
I am certainly no expert, and I there are others who use the MACD differently than I do, but what I do works for me. I only trade MACD divergences before the crossover, where others only trade at the crossover, with or without a divergence. But the divergence is what is most important to me, not the crossover.
Debra |
