does anyone know the setting alex elder advises to use for the MACD in the triple screen system ?
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biggolfer48
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12-26-9 is the setting that he uses.......which is the default setting on most charting packages.
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day trading
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Thanks biggolfer48. I have always thought that using something faster like 11-25-8 would be better than the standard because that would get you into the trade a little bit sooner than everyone else - i.e. those using the standard. I have never tested to see if this works though and not sure how you would test this as the rules are fixed in a manner that you could use in a black and white back testing system.