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Strategies & Market Trends : Technical Analysis - Beginners
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To: TA2K who wrote (9356)2/16/1999 3:08:00 PM
From: Sean W. Smith  Read Replies (1) of 12039
 
Nicholas,

I say FALSE. All indicators are some deriviation of price or volume. By the same logic you would not need indicators at all since all they are further manipulations of price just as MACD is a further manipulation of moving averages. counterpoint???

same with MACD. MACD may be a simple difference of moving averages but do I want to calculate them or estimate them in my hand when I can chart them. I have a hard time differentiating the two myself. Thats why I love MACD Histogram. Put 13,34,89 Emas on price and then plot a histogram of 13,34,89. I find the histogram very helpful. Others like using it to look for divergence between MACD and price. Thats hard to do with MA's but easy with MACD histogram. They key as always in understanding how it works and whats its trying to tell you. Its up to YOU to decide how YOU want to interpret it...

Sean
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