http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
The MACD indicator is very useful when thinking of it in terms of momentum and trend and not as a holy grail.
There are many settings that can be used and I prefer to use the settings that reflect the 3/10 oscillator (Raschke).
While you can simply input the numbers 3,10,16 into your standard MACD, the proper 3/10 uses simple averages.
In Sierra charts (fast becoming my top charting platform), there is a drop down menu where you can change the type of average.
3/10 OSCILLATOR SETUP
The fast line is a good indicator of the overall change in momentum and the slow line is generally regarded as displaying the intermediate trend of the instrument.
http://www.netpicks.com/310-oscillator-macd/ - Read more
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