As many know that MACD does not work for a smaller time-frame of 1M, instead you can try the ADX set at a period of 14 and watch out for a strength of around 30 or more which gives you a clear trend reversal signal. Had worked quite good for me.
I don’t know about that. I’m using tymen’s macd (50, 3, 0) with a standard stochastic (5,3,3). Not one hundred percent accurate, but when dealing with 15 and 30 minute charts (in the direction of an H1 and H4 (this is one of my personal rules) the stoch and macd 1 minute are fabulous for scalping and interday-you just look at the whether its high or low on entry and align all the time frames respectively, not rushing entry (another of my personal rules). Seems to work for me, although I agree that longer term trading is far superior.
Thanks for the MACD settings.But the matter is when i try to add (50,3,0) its not taking 0.So i put 1,
For clarification is Fast MACD 3,Slow MACD 50 And MACD SMA 1??
Try using a 5, 13, 1 setting and watch for nice divergance set ups at the end of a run and combined with some pivots or support and resist and she works really well, on any time frame to. What I mean by nice divergance is nice highs and lows on the macd not just crappie little highs or lows.
This not S.E.O over saturation this is forex they make tools for the market tools do update the MACD is a good tool i suggest learning candle sticks you just cant go wrong with the basics indactors are tool to help you trade