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Joined: 12/30/2005(UTC)
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By default, MACD contains (12, 26, 9) parameters, and I would like to know what the main timeframe is about in daily, would it be 12 days or 26 days?
Does anyone have any suggestions?
Thanks in advance for any suggestions
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
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If you are plotting it on a daily chart, It takes the 12 bar average of the close and subtracts the 26 bar average of the close. it then takes the 9 bar average of that osc to give you a signal line.
Look at your indicators in bars ! compare between daily charts and weekly charts
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