A different approach to Gerald Appel's classical Moving Average Convergence Divergence.
Appel originaly set MACD with exponential moving averages. In this version users can apply 11 different types of moving averages which they can benefit from their smoothness and vice versa sharpnesses...
Built in Moving Average type defaultly set as VAR but users can choose from 11 different Moving Average types like:
SMA : Simple Moving Average EMA : Exponential Moving Average WMA : Weighted Moving Average DEMA : Double Exponential Moving Average TMA : Triangular Moving Average VAR : Variable Index Dynamic Moving Average a.k.a. VIDYA WWMA : Welles Wilder's Moving Average ZLEMA : Zero Lag Exponential Moving Average TSF : True Strength Force HULL : Hull Moving Average TILL : Tillson T3 Moving Average
In shorter time frames backtest results shows us TILL, WWMA, VIDYA (VAR) could be used to overcome whipsaws because they have less numbers of signals. In longer time frames like daily charts WMA, Volume Weighted MACD V2, and MACDAS and SMA are more accurate according to backtest results.
I love it, I still see value in using the MACD as a confirmation tool with associated price action. Thanks for the work you put into this.
selim_ayna
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hocam bu indikatörün ayarlarında herhangi bir değişiklik yapmak gerekiyor mu ? videolarınızda baktım bulamadım.var ise hangi video atabilir misiniz.yada aynı mı kalması gerekiyor.short long ayarları ? bazı videolarınızda değiştirdikleriniz oluyor.şimdiden teşekkür ederim
edhsiao0401
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Suggest adding a trend following option for trading. You may refer to the super trend. When the trend is upward, we only take long position from your signal. If the trend is downward, we just need your short signal. I believe this would greatly improve the win rate and performance especially for scalping.
One issue: the script isn't showing me the MACDLong/Short signals.
It's all set up as default. I'm using the app latest version.
I'm using the same indicator as in your example: Volume based Colored Bars.
Please, any help appreciated.