Reviewing Rules and Procedures Associated with the MACD Indicator
A lot of ground has been covered in this section, so we conclude with a summary of the rules and procedures that can be associated with the MACD indicator.
Creating and Maintaining Your MACD Indicator
You should calculate and maintain sets of three MACD combinations: one daily-based set for shorter-term trading, one weekly-based set for longer-term trends, and, if you want, one monthly-based set to reflect major long-term trends. The MACD indicator can be followed for day trading as well, in which case 5-minute, 30-minute, and 60-minute sets are likely to prove very useful.
Each set should employ a short-, medium-, and longer-term MACD combination. These might include, for example, ...
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