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     jimm
Member
Username: jimm
Post Number: 4
Registered: 04-2007Rating: N/A
Votes: 0
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| | Wednesday, April 25, 2007 - 10:16 am: |  
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Hi All
With IC stock screener is there away that I can set a search for when the macd crosses the signal line and is below zero.
This is a fairly strong signal of a possible uptrend,if it can not be done is there any possibility this search could be included in the future.
I have given an example of what I mean
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msparks
Member
Username: msparks
Post Number: 986
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Wednesday, April 25, 2007 - 01:41 pm: |
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try this
or add this
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visions
Member
Username: visions
Post Number: 46
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, April 25, 2007 - 03:51 pm: |
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Hi Jimm
I can see what you mean by this might be the start of a uptrend as the macd lines are usually under the zero lines when the price is flat or in a down trend.
In the chart below I have displayed the macd as you have, and as you can see the crossing of the signal lines whilst it is below the zero line has turn out many false promises.
In this case it has crossed many many times only to take the price back up to the downward trending MA's, certainly not finding the start of an uptrend. At the right edge of the screen you may have finally cracked it right this time.
Cheers .... Visions
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tryhay
Member
Username: tryhay
Post Number: 571
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, April 25, 2007 - 04:44 pm: |
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Interesting discussion. Last week I attended the Melbourne ATAA meeting where both speakers were excellent. One speaker discussed using MACD to time trading of shares.
His point was that for ideal entries one needs to look for alignment between the monthly, weekly and daily MACD signals (and Vica versa - to get out of the trade is they turn turtle). Of course it is difficulty to achieve but the charts displayed suggested that a +ve cross in signal line on one time may align with a cross on another time frame, and if the trifector occurs then you better buy into that stock pronto.....
If you are interested/desperate you could consider adopting the approach (I am giving it a whirl).
A useful post msparks, FWIW 999 seems to be sufficient on the bear MACD. Looks to find shares on the initial comeback trail from downtrend. eg ARW looks like a good one ..(with DMI & volume too)...
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jimm
Member
Username: jimm
Post Number: 5
Registered: 04-2007Rating: N/A
Votes: 0
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| | Thursday, April 26, 2007 - 12:18 am: |
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Hi All
Thanks for all your input.
To Msparks,I will test your suggestion over the next couple of days.Thanks.
Yes visions I know what you are saying,I use MACD with other indicators.But that particular position on the chart seems very powerful.I mainly use for conformation purposes.
Yes tryhay I agree.It is an indicator that I havn't been using but I will do a lot more testing with it.(anything to improve my strike rate).
Thanks again for all you input.I would like to hear any other suggestions or uses for MACD.
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tryhay
Member
Username: tryhay
Post Number: 572
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Thursday, April 26, 2007 - 07:07 am: |
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Jimm et al,
As a practical example of this discussion DYL looks like a classic: increasing volume (& Price) action (looks to be retesting a breakout of a downtrend breakout), increasing daily MACD (after recently crossing the zero line), increasing weekly MACD (looks like a cross of the signal line occurring as we speak). A number of other indicators also look +ve ~ just not sure on the time frame of future price action,but it looks more +ve than -ve IMO.
Daily Chart:
Weekly SP chart: looks to be behaving...
Monthly: recent cross of the MACD zero line and looks to be behaving...More to the point all three MACD time frames are in the +ve (top) half of the range [and they are all +ve]~ not sure how often that happens but seems to be a good sign for dyl
bought in last week & tempted to buy more today - my guess is as long as you do not expect >10% in the short term I think you are pretty safe ~ lets see what unfolds!
On another matter, have accepted the PDN offer & untill SMM_PDN sort themselves out the smaller Uranium shares look to be where the action will be... Check out STELLAR DYOR
(Message edited by tryhay on April 26, 2007)
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fibonacci
Member
Username: fibonacci
Post Number: 189
Registered: 10-2003
Rating: N/A
Votes: 0
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| | Thursday, April 26, 2007 - 08:01 am: |
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Good morning all,
If you must use indicators/MACD use weekly as an initial filter and then daily to help fine tune entry.
It's easy to see using tryhay's top graph. Weekly MACD turned positive [>0] in October. AS long as it stays positive scan for Daily MACD crossover signals below zero.
Check out XJO. Weekly turned positive in June '03 and has stayed there. EVERY daily crossover below zero has been great and will be, UNTIL THE LAST ONE!
John
You've got to
know when to hold 'em
know when to fold 'em.
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visions
Member
Username: visions
Post Number: 47
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Thursday, April 26, 2007 - 10:29 am: |
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Hi again everyone.
I have included the monthly, weekly and daily Macd views on my previous chart. Same amount of time frame and same stock, you will be able to see what the other posters are saying in regards to the timing of crossovers in the longer timeframes.
I'd have to agree to trade in the direction of the longer timeframe and find entries in the shorter time period.
Cheers .... Visions
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msparks
Member
Username: msparks
Post Number: 987
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Thursday, April 26, 2007 - 04:29 pm: |
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Try this from the scan Jimm
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jimm
Member
Username: jimm
Post Number: 6
Registered: 04-2007Rating: N/A
Votes: 0
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| | Friday, April 27, 2007 - 12:07 pm: |
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Thanks ms
I'm doing testing now with some variations
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qed
Member
Username: qed
Post Number: 55
Registered: 01-2006Rating: N/A
Votes: 0
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| | Friday, April 27, 2007 - 01:57 pm: |
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hi Jimm ,try putting in the figs 30 10 10 into ur macd cheersQed
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jimm
Member
Username: jimm
Post Number: 7
Registered: 04-2007Rating: N/A
Votes: 0
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| | Friday, April 27, 2007 - 05:02 pm: |
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Thanks qed.
I tested that with a few stocks,didnt seem to make a lot of difference.But I will play around with it a bit more.
Thanks
Jim
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 558
Registered: 10-2005
Rating: N/A
Votes: 0
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| | Friday, April 27, 2007 - 11:41 pm: |
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You are trying to prove that a MACD crossover in some specific setup is a good trading signal by looking for situations where the MACD crossover was followed by a rise in price.
It shouldn't be too difficult to prove if you ignore the millions of cases where a MACD crossover was followed by a fall in price.
People have posted plenty of charts showing the positive outcome. Nobody has pointed out situations where this scenario failed hence failure must not exist.
---
ohk
Lies, Damn Lies and Technical Analysis
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tryhay
Member
Username: tryhay
Post Number: 573
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Saturday, April 28, 2007 - 06:54 am: | | |
