OK. LETS TALK ABOUT THIS MACD INDICATOR.... WHICH ONE THOUGH? (moving average convergence and divergence indicator) is a popular indicator. Pretty obvious. It does many things. Plots a histogram that works well for divergences and show changing comparisons. offer crossing signals, and even has its own levels or structures to filter trades on it. It IS a lagging indicator... so it will never be perfect on its own. As I looked for one to adapt to a new strategy I am making... I found that many others MUST agree! Here are 12 different variations of MACD. For the most part, they all have massive views and likes on trading views. And for something as universal and loved as the MACD I have to say... there can be a lot of small and big variances in the signals, how it is used, what it is used for.
So Today I want to begin a discussion that I hope all of tradingview members will join me in. In declaring among these or another if you have one.... 5 titles! we will do it by vote and your basic explanation if you have a reason. and you can just pick one of the 5 titles. However, this Posts goal is to determine THESES TITLES
1. Which is the KING of all the MACD here? (please share your reasons and why you think so for any category)
2. Which is the BEST MACD for small time frames signals and entries for scalping (no greater than 1 hour)
3. Which is the BEST MACD for Swing Trading? 4hour -daily timeframes?
4. Which is the BEST MACD for finding DIVERGENCES?
5. Which MACD has the BEST HISTOGRAM
These indicators will be CROWNED (KING D) (SCALP D) (SWING D) (DIV D) (HISTO D) And for your time and participation in this quest. later on down the road when our winners are clear perhaps I can Update some of them to include self plotting divergences and maybe oscillation trendlines so that those winners are better than ever.
SO LETS GET RIGHT TO IT! Which MACD? WHY? FOR WHAT? TOSS YOUR HATS AND VOTES OR THOUGHTS INTO COMMENTS AND DISCOVERY SOME OF THESE COOL INDICATORS IF YOU HAVE YET TO. FEEL FREE TO HAVE OPEN DISCUSSION IN THE COMMENTS
YOUR CANDIDATES.
MACD - X A better macd from @dgtrd (this macd has slightly different calculations and a ton of extra added features which probably all needs to be looked at to be judged tradingview.com/v/Gq9I627Q/
MACZ VWAP from @LazyBear (this macd uses zscore and implements vwap usage. has smoothing for choppy factor and perhaps good entries but maybe it varies as well. should take a look) tradingview.com/v/HNrsbpJ2/
Stick Line macd from @blackcat1402 (newer addition and has interesting behavior that actually gives warnings for when reverses cross or signals may arise) tradingview.com/v/qE0umJ8p/
4C 4 color macd from @vkno422 (this is a strict histogram macd that features for 4 different colors and a strategy for how to treat them_ tradingview.com/v/4IYKX938/
OBV MACD indicator from @RafaelZioni (this is a linear macd that uses its base signal from the OBV for improving entry. considerations can be made for if it keeps with trades or exits them at the best time. it is nice with pivot labels signals also included in the indicator) tradingview.com/v/jXvqrU4q/
ADVANCED PPO (price percentage ocsilator) from @TheLark (this is an alternative that is used in a similar fashion to macD. and inverse sort of. It is the Laguerre ppo. while less known some consider it a macd improvement) tradingview.com/v/Wc7xhzHY/
DOUBLE MACD buy sell from @Dreadblitz (this double setting combo of macd won a competition and the poster goes into detail on it and shares video link about it) tradingview.com/v/5cV2hGJk/
IMPULSE MACD from @LazyBear (this histogram macd doesn't have crosses but a completely different method and way to view and enter price using macd) tradingview.com/v/qt6xLfLi/
STC indicator a better macd from @shayankm (this improved entry method turns the macd into a similar inverse fisher looking binary signal view. try it out to see your thoughts) tradingview.com/v/WhRRThMI/
SuperSmoothedMacd for crypto (and stocks) from @KivancOzbilgic (he has made both smoothed adjusted macd for crypto and stocks. (I will post 1other can be found) it is up to user to decide if is indeed better than the other macd choices for crypto and stocks in the end) tradingview.com/v/SlCjQY3v/
Customizable macd for any timeframe+ from @ChrisMoody (a must-have inclusion as one of the first big and versatile macd indicators on trading view. with a lot of functionality. It should be discovered if some of the newer things offer different factors or abilities that this one can be customized with) tradingview.com/v/OQx7vju0/
Comment
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An update I would like to give my personal idea to after testing personally. I would like to say that I believe the ZERO lag macd type (not anyone in particular) to be more effecient in terms of spotting divergence in a timely manner. but not exactly the best for entry because its cross signals do not always get fuly confirmed an/or play out to worth while movements
A special thank you to the Pine Coders mentioned here. And of course, all other coders out there. Thanks for shining a light on their fantastic work. We've featured this in Editors' Picks. We look forward to reading the comments and feedback.
I have attempted to present different calculation techniques applied to obtain MACD Line besides the traditional implementation of Gerald Appel, such as
MACD-Histogram, by Thomas Aspray also known as MACD-AS
MACD-Leader, by Giorgos E. Siligardos, PhD
MACD Source, my humble interpretation
MACD-TRIX, TRIX adaptation to MACD
Study allows usage of variety of different sources, including Volume related indicators and has few other add-ons such as John Carter's TTM Squeeze indicator and J. Welles Wilder’s RSI
The latest update is available with a simple backtesting ability with the aim to optimize the study
lertsak
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This is a great consolidation post for MACD ! However, I would suggest to go for a back testing for getting the applicable answer. Voting is not a way to say which one is the most effective.
amplituhedr0n
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@lertsak, This feels like an educational social post with a rhetorical question rather than a black and white ask. Voting gets people to throw their 2 cents in which is the focus. This page is the most fun I've had on here all day!
Gunslinger2005
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@amplituhedr0n, it is true. it is more to illustrate and show the many different uses and types
Gunslinger2005
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@lertsak, its just a way to get the conversation going and to spark people up to share ideas
toboso1
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For me, I like the traditional MACD. But, my advice is that no matter the one you choose, it will depend on the trader, you can build a strategy with any of them. Use it as a filter, not as a signal, in combination with price action (very important). If you choose one, give it time to understand and get familiar with it, don't change it as soon as a trade goes bad, stick to it. Create rules. Try to understand it and get familiarize with it, especially during different market conditions: in a range, or channel condition, or when trending.
wugamlo
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Nice idea and great choices. I have made my own interpretation of the MACD. It is the traditional MACD enriched by a 6 period forecast and Divergences which can be shown either on the Histogram or on the MACD line.
I'm not a PRO, but IMHO both OBV MACD from @RafaelZioni and that one from @LazyBear are pretty nice. I'm testing them for few weeks and found them enough reliable for confirmation and entry/exit point. I usually do scalping.
Well done @Gunslinger2005, we all appreciate your efforts and sharings!