MACD Indicator (It's Not Great, BUT....)
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- Опубліковано 11 вер 2018
- The MACD indicator, also known as the Moving Average Convergence Divergence Indicator is a favorite amongst Forex traders. This is not a good sign.
But if you are looking for that perfect indicator to add to your own system, the MACD can actually help you a lot. We learn how.
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I used the link from the blog. Ty. Been thru 300+ indicators, wow what a journey. I think I found 5 I like. Backtesting them in between 2 jobs. Good stuff, the few things I picked up from the blogs and videos have increased my winning percentage to the point I’m in the green on my live account. You have made a difference in my trading! Thx again
The default settings (12,26,9) are for mid-term. Consider use short term settings, like 6,13,4. You can get more accurate entries and exits.
Alexandre, thanks for sharing. I'll try it out.
Thanks for sharing, Alexandre
What setting should be optimal for stochastic on 5m timeframe?
Natural Remedies how’d it work out
Thank you for sharing. gonna back test
Patrick-Just wanted to say thank you for sharing your knowledge. No, I have never came across anyone that presents the information as you do. Your gift as an educator is obvious in all your methods of presentation. Still looking for my indicator, but close to narrowing it down thanks to this video. Thanks again and God Bless! :)
I just asked you a question yesterday and I was struggling to find something useful about the macd which I've been studying to see if it was worth it, and you've just answered it! Keep up the great work VP!
I swear.... everything about how this guy puts his content together. Gold.
I've found my rhythm sir. Thank you
Having watched this video probably 2-3 months ago and was absolutely clueless back then, I was tempted to watch this video again ( directed back here by podcast 25 ). it makes so much more sense now.
I actually had to rerun the podcast series twice because I couldnt understand everything at 1 go. It definitely worth to go through all the materials as many times as possible because chances are we could possibly find some hidden gems here and there.
Having been testing indicators for weeks, this piece of take-away is surely to add more values to my trading system.
Thank you.
Listen to all the videos again after putting them into practice. ALL of them, you will find something amazing.
Hi VP I absolutely love your videos. I just started to learn to trade about 5 months ago and I’ve been all over the place up until about 2 weeks ago when I stumbled upon your channel. Since then I binged watched your videos, listen to you your podcast and Im constantly reading the blog. I love your style of trading, so much I’m implementing your strategy and working on my own algorithm. Thank you
Listening and reading the blog for the 1st time, the 2nd time and 3rd time after having done the back testing,the understanding and insight on the rules on continuation trade have improved with increased clarity. VP, thank you.
Give a man a fish, he eats for a day, teach a man to fish, he eats for a lifetime.
Until the man marries a californian woman and becomes vegan
@@ImmyYousafzai HAHAHAHAHAHAHA
class quote ..........from jesus i was told .....not a bad mentor
Geez, who wants to eat fish all the time... gimmie a juicy steak
what settings do you like to set your rod at?
Hey guys I twicked mine by adding 6 and 18 exponential moving average on my chart and used CMF indicator to check whether both lines were above or below zero. Works perfect! Thanks VP for helping us discover a better way to trade! :-)
Always on point! I watched the video again for the sixth time, and it is still fresh! Thanks VIP VP!
this is interesting. I am used to thinking of myself as quick on the uptake - but I have to listen to almost all of these vids twice, including taking notes twice, to master them. I think it is a matter of first listen to start to unlearn the old bad ways, and the second listen to get the actual message. Just off to download some nu indicators to test now...thanks VP
58 dislikes are from Broke Reversal Traders 😅
Bankers
VP, I think this is your best video I have seen to date! Keep up the great work. Cheers.
“Teach a man to fish”...love your style VP. Thank you. 👊
This channel has me looking @ every zero line cross indicator I can find... trying to put in the work!!! And listen close lol
try the RVI
This was fantastic for me has a learner...dont get sensible information like this anywhere....will now just follow ur chanell makes a lot of sense....thank you!looking forward to more videos
"Continuation Trades' This is BEST strategy using MACD than any another MACD strategy I've seen on u-tube. I do not trade Forex yet you have an invaluable channel for becoming a smart trader.
Modified MACD to use Linear Regression(LSMA) and DEMA. it was a definite improvement, especially using angle and separation to filter consolidation.
You are unbelievable VP! Incredible masterclasses.... and for free!! Thank you for everything mate!
Indicators similar to MACD: PPO, Trix, KST.
thanks mate :)
RVI
Thanks a lot, JP
Ergodic oscillator, Fisher oscillator
Whenever you approach a market , you must know have and know your edge - what will help you make money. The ability to recognize patterns is a part of my edge, but my greatest edge is the IQD strategy from Lukasz Wilhelm. You should run and get it if you don't have it already.
lots of love from India you are the best VP, I have observed something like this but can't made execution, I used 200 EMA to filter trends and then use continuation trades through other indicator VWAP but this is working better then vwap
Great teachings on one of the most popular indicators. Once again I am grateful at your wealth of knowledge and your willingness to share it with us.
Much love and respect!!!! (BIG THUMBS UP)!!!!!!!
Love the video vp, great personality, knowledge and humour. keep up the great work.
The Swiss army knife analogy cracked me up 😂 I've been binge watching your videos and taking notes, and been learning a lot!
I took a break from the podcast to watch the dirty dozen video.....and we'll I'm now looking at a blank line chart 😅
Best forex UA-cam channel ever came across. thank you so much stay blessed
VP, what a fella , he's so kind to us , thanks amigo.
I like your channel to and extent that I hit the like button before I even start watching the video LOL. Keep educating us please. I really appreciate what you are doing VP )
Thanks for putting out this video; nay this channel out there. I have been trading for more than a year but this has taken it to a whole new level. Brilliant
Bro you ligit love your content thank you so much I’m going through all your videos over and over!
VP✊🏼 you're great man, love you bro🤜🏼🤛🏼.. your videos truly make a difference in our trading(beginners), u show us a whole new level...n yeah no says it better than you man🙏🏼
Took me months of back testing to discover what you outlined in a 24 minute video 4 years ago. Cool.
Histogram is mostly to confirm space between MACD and Signal Line. I think main purpose is to use it do draw divergences.
Your explanation of the 'swiss knife 'cracks me up. Good presentation
WOW.... beautifully explained!!! Adding to my arsenal immediately
This was so helpful. Thanks VP!
Fantastic video VP! One of your best!
As a slight modification to the strategy you proposed at around 19m might I say wait until after the x-over to see if the following histogram bar was also present and in the same direction. This would have filtered out the losing trade near the end but kept you in the winning ones. Effectively it become a one-period lag but is accompanied by a divergence (pardon the pun) of the two lines, supporting direction and momentum. What do you think?
With regards to continuations trades on the AUDUSD, does it mean we close our short position when the faster line crosses back the slower one and we only go short again when it the faster one crosses downwards? Or do we add to our short position every time there is a continuation signal?
I am also converting myself from reversal to trend trader, dear vp may we we use hidden divergence as signal for continuing trend?
Personally I actually use the MACD as a Zero-Line Cross indicator only, I got rid of the two lines cross as like you say, they're not that great.
I use the fast EMA to identify a trend and the histogram to give a sign of the strength of a trend.
Obviously I use a lot more tools (my base line, volume indicator etc.) At the moment I am using it as a confirmation indicator and an exit indicator when the histogram starts to get shorter it tells me the trend is ending.
It's worked pretty well so far, still backtesting it on different settings but the system I have found so far (as a novice trader), it's working pretty well.
Agreed. I always prefer a zero line cross indicator. It's easier to read. Keep in mind that the zero line cross is merely measuring the distance between each of the two lines in the two lines cross. In TradingView, if I find a two lines cross indicator that I like, I go into the Pine Script source code and plot the difference of each line. That automatically turns any two lines cross into a zero line cross. Guess what? I don't know Pine Script or any other language! It's that easy to add a line to somebody else's Pine Script and totally change the output.
Gone through the whole course, up to this point. Would you suggest we finish the course before searching for indicators? Thanks
VP.. i can't find a good currency strength meter. what do you think of it..is really that good..if so do u recommend one?
Wow!! I am blown away!! Thanks VP!
It works the way I use it. You covered part of my macd strat. It's not really good to write off any actual indicators, but instead write off strategies. Indicators can be used in many different ways and combinations with each other, so it's really pointless to say "this indicator is good / bad" except for just posting it for views or because someone asked or w/e. If I ever did a UA-cam channel for trading I would go by strategy rather than by indicator, but I suppose you had to put the indicator name in the title for the algo
The RSI makes an excellent pullback indicator. I look for something I call "pullback divergence", and combined with a major support or resistance level, it can give you a sniper entry signal. When price re-approaches a zone, the RSI shows an interesting phenomenon where the swing low and price is on the same level, but on the RSI, one is overbought and the other is oversold, and this divergence signals a perfect trade entry.
This video has changed my entire way of trading with MACD. After all I have found the exact MACD with zero cross and line cross. ✌
Thanks VP you are such a legend.
Can you share the setting please
I have never seen a better video on MACD thank you
Assalamu alaikkum, Try MACD + CMF (20) in 15Mints, Put 0 line on Both and wait For Signal Above or Below the Zero Line on Both, Don't Take more than 2positions perday and take position only in the Asian sessions starts (In India it's a 5.30am) till European Close (It's 22.00 in India). All the Best Happy Trading...
Thank you ver much.Good job. Thanks from Holland - Europe. MACD was a eye opener...! Zero line WOW
thanx for a great video, thax for the time you put into it.
I got rid of the histogram AND the slower MACD line...i'm only interested in the faster MACD line and when it crosses the Zero line. Combine that crossing and the price action is above the 200 SMA (for longs) and the ATR is going green and you've got a damn strong move. Works best in highly traded things like QQQ for daily trades (on the 1 min), but works incredible for swing trades on the daily for just about anything with decent volume.
Histograms are great for people with old eyes, it comes to us all one day.
Could you elaborate on what ATR going green means? Its just a number - how can it go green?
hold up, can things used on forex be used on stock trading? if that makes sense
Man you got me hooked!!!
I've changed the parameters on 1 of the more modern MACDs, & it is consistently very helpful to me.
Wats ur parameters..?
Howard Hill, can you share your parameters? You might be saving someone from a blown account!
pls which of the modern macd is that and wht is the parameter u changed
?
So, who cares. If you are unwilling to share, keep it to yourself.
The best youtube channel.Even the best content availabe online.Thanks
I'm a new trader. I learned how to trade strictly by using candlesticks and charts. I identified the trend and calculated the weekly range from open to close to determine how many pips I could expect to get while placing my stops. I have experience doing this. But now that I'm infront of a computer, what indicator would you recommend I master first?
OOOO thats a prime example on how to use the macd on the Aud, my second favorite currency pair.
One of the Best FX Channel I have ever seen. Thanks VP God Bless u..
You're an absolute life saver vp , God bless you man .
I have found your channel and started to watch all the videos from the beginning. I have to say they are excellent, looking forward to more..
Do you guys have any idea where to find great indicators for ctrader platform apart from CTDN sources ? I don't like mt4 platform at all. Thanks
Hi vp, may I know the best forex company and trustable ? Thx.
Watched this for the second or third time. It has clicked!! Hooray. Thanks VP! ("Will the real macd indicator please stand up..." LOL!)
I know to avoid repainting indicators, but does this same principal apply to macd? I've tried several and all repaint data badly. I know it lags so I dont know if that is expected.
MACD is not that good alone .... you need an other indicator like a moving average (200) to make it work. You need to know the general trend . In your video, you're trying to buy in what it looks like a down trend ... which is nonsense.
GBPJPY the 200 EMA will not react fast enough. You might as well trade against the 200 EMA trend or when the line is flat. As a general rule for most currency pairs then I agree with you.
VP you are the best. Thank you very much for all you doing.
I used to hate forex, and would only trade binary options, but after watching your videos I'm interested again !
Wow! The best. Thanks VP
Thanks this was really helpful!
The main line is the difference between a fast MA and slow MA. So when it crosses the zero line, it's a MA crossover. And the signal line is just another MA on the main line. And when the main line crosses down the signal line, it could indicate a change in momentum (aka most people use this to call reversal). To be specific, if the fast line and the slow line spaces out, it means that there's an increase in momentum one way or another, and vice versa.
Thanks PV . . . Where is the indicator above available? It's not in MT4 nor on the blog. Thanks.
VP you deserve a noble peace prize. honestly.
Muscle Cars Will Forever Rock #MacD GT... Great Work VP 🙏🏽🇯🇲💯
Does the standard mt4 Macd imaginary line do the same thing as the other macd?
Testing the 14 period RVI with Aroon up and down. Not taking the Aroon crosses but rather looking to which line is at 100 and 0 for trend
Much Appreciate This Channel 🎯
Love it! Thanks vp!
Use MACD only to identify the trend. Bellow 0 is bearish, above 0 is bullish.
Then yeah you can use the MA's when they cross but as you said... there are other indicators to tell you that.
A good thing you can use it too is to know when a major trend is about to end. Look for divergence between the lows or highs of the lines and the chart. Once it crosses 0 level, it's the beginning of a new trend.
Yeah is not that great, but can be used in combination with other indicators to get some confirmation.
i have tested the MACD thousands of times. its a winner. i also use the ATR to set my stop loss, and ema 200 to show an up trend and down trend. however. i did notice i was still missing the long term trend. so thats why im here, because the MACD is solid for sure. back test it. you'll see. but i know there is something better.
Do you use MACD for reversals or what he labels "continuation trades" (talked about near the end of his video)... or both?
Lmfao!! bro you’re humor is beautiful 😂 freaking army knife 😂😂
That second knife is amazing.. i have 1 as an edc and so does my wife. Ontario knife company or something of the sort..
Having a knife is not nearly as valuable as the skills to use it.
I like how VP has multiple indicators to stop losses. Your wins mean nothing if they are not protected.
I just found your channel about 4 days ago and love it! I binge watched all of your videos in a matter of 2 days! I am a stock trader. More specifically, I trade options. I know what you are thinking the moment you read that lol and I know you do not 'endorse' stock trading as you are strictly a Forex trader. I, like everyone else subscribed to your channel, am so curious to know your 'algorithm'. I think I figured out one other indicator that you use. I have a lot of back testing to do but it looks very promising. Even if it ISN'T it (although it fits with all the "clues" you have given us thus far and it also DOESN'T fit in your "Dirty Dozen' video) It has already made me think differently about the methodology that I use. So I would say that your UA-cam channel is already successful, and for that, I thank you! I look forward to watching out for more clues! Thank you AGAIN!
Thank you so much. It' very helpful.
I now understand why you emphasize on testing testing and more testing, because trading the daily’s gives you that time to constantly be tweaking your algorithm. Constantly getting better,
I know this will sound like a weak question but since most indicators are lagging...whats a good way to narrow down or filter out the wrong indicators? Already got rid of the 12... should one ignore supply/demand?
Watch the Trend Indicators video. It was created to do that very thing.
Does Ichimoku fall into this category?
Good 1 VP. Thank you. 👊
Thank you very much VP. Selfless love you portray there. May heavens reward you.
i see it as an exit indicator and don't now why at 11:20 every time i look at the wight line it just tells you to stop go long or short i might be wrong but gonna use it in that way
Thank you. I love MACD.
@19.52, wouldn't you have not taken that trade, since it was a long and both lines were still under the 0?
njoy your teaching, but I'm sorry to tell you that I can't see the blue line well enough to detect crosses. Could you consider fatter lines and/or brighter, high-contrast colors?
I started using brighter colors in later videos, yes.
Sooo basically the Oscillator of moving averages
Thanks a lot for this very kewl idea.
hi!VP,I truly admire your advises a lot from the first video i have watched to the present one i have just watched and at some point you truly supported all my thoughts,anyway i don't know if you can help with the side maybe where i can find a zero line cross indicator cause ever since i watched all your videos to this far i tried to find it,i searched many sides i failed to find one,that is my only request then others i will keep on digging for them,once again thank you!
this is the best video you have ever made ........fits like a glove with my screens and its either 100% in or 100% avoid like death .as vp says research and work .......i win thats all
Doesn't have to be any less simple than that.
@@NoNonsenseForex spot on ........your stuff is wonderful
MY defacto settings.
Profit 80% of ATR
1.5 ATR 4 hours (or is 1 day better)
MACD 5 consecutive trending candles.
Am I getting close?
Please can smn briefly tell me the use and how to read macd histogram?
Best content you can get FOR FREE!!! OR PAID, i saw the difference in my trading after this guys education