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Chapter 8. Advanced Moving Average Conve... > Reviewing Rules and Procedures Assoc...

Reviewing Rules and Procedures Associated with the MACD Indicator

A lot of ground has been covered in this section, so we conclude with a summary of the rules and procedures that can be associated with the MACD indicator.

Creating and Maintaining Your MACD Indicator

You should calculate and maintain sets of three MACD combinations: one daily-based set for shorter-term trading, one weekly-based set for longer-term trends, and, if you want, one monthly-based set to reflect major long-term trends. The MACD indicator can be followed for day trading as well, in which case 5-minute, 30-minute, and 60-minute sets are likely to prove very useful.


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