I’ve been demoing for almost 2 month now, and I can’t seem to get the MACD set up properly.
As you can see in the image, I only have the histogram and one MA. I’d like to be able to use the MACD as I learned here, with the crossover, but I only have 1 MA.
Also, is anyone willing to share their opinions concerning this indicator?
It’s a waste of time, simple as.
Thanks for the input…Usually, I use EMAs and stochastic but MACD is supposedly used by everyone, so I wanted to test it out.
I appreciate feedback by real traders, so thanks.
EMA’s are good on long term to identify trend for those who use it. Any oscillators should strictly be used for Divergence. And even that should not be traded independantly. Viny, I encourage you to participate in my own and Purples thread.
Lagging indicators have to be supplemented!!!
I can tell you for a fact that MACD is certainly not used by everyone, it’s garbage, let me huess, you paid for a Forex training course and in one of the videos it says that the MACD is a fantastic indicator words like dynamite might well have been used!
MA’s and oscillator may have some use, but it’s price action, chart patterns, orderflow and VSA that’s the killer strategies, and they all go hand in hand really.
I’d have to agree with PPF, here (which, I have noticed recently, is becoming something of a habit lol!). I used MACD when I first started out trading (and yes, I went on a course!), after a while I got the confidence to tweak things and I dropped MACD. I stayed profitable, and had a much clearer screen. I do like EMAs, but I have not used MACD in over a year. I know a lot of Forex traders and none of them uses MACD. If you want a wiggly line taking up an inch or so along the bottom of your screen, then I would say that RSI is far more useful… but not necessary.
Price Action, S&R, chart patterns and EMAs are all I use consistently (and EMAs are useless in a ranging market, don’t use them then).
ST
Thank you all for the valuable opinions…I’ll be sure to follow those blogs. This may be a dumb question, but what is VSA?
I guess I’ll demo for another month before going live.
Actually, I’ve never taken a course. I learned it all here, in the school 
]
It’s Volume spread analysis, in a nutshell it’s working out if it’s mainly buyers or sellers in the market, mainly buyers you go long, mainly sellers you go short.
