Time to declare the greatest MACD OF ALL! HELP ME CHOOSE!OK. LETS TALK ABOUT THIS MACD INDICATOR.... WHICH ONE THOUGH? (moving average convergence and divergence indicator) is a popular indicator. Pretty obvious. It does many things. Plots a histogram that works well for divergences and show changing comparisons. offer crossing signals, and even has its own levels or structures to filter trades on it. It IS a lagging indicator... so it will never be perfect on its own. As I looked for one to adapt to a new strategy I am making... I found that many others MUST agree! Here are 12 different variations of MACD. For the most part, they all have massive views and likes on trading views. And for something as universal and loved as the MACD I have to say... there can be a lot of small and big variances in the signals, how it is used, what it is used for.
So Today I want to begin a discussion that I hope all of tradingview members will join me in. In declaring among these or another if you have one.... 5 titles! we will do it by vote and your basic explanation if you have a reason. and you can just pick one of the 5 titles. However, this Posts goal is to determine THESES TITLES
1. Which is the KING of all the MACD here? (please share your reasons and why you think so for any category)
2 . Which is the BEST MACD for small time frames signals and entries for scalping (no greater than 1 hour)
3. Which is the BEST MACD for Swing Trading? 4hour -daily timeframes?
4. Which is the BEST MACD for finding DIVERGENCES?
5. Which MACD has the BEST HISTOGRAM
These indicators will be CROWNED (KING D) (SCALP D) (SWING D) (DIV D) (HISTO D) And for your time and participation in this quest. later on down the road when our winners are clear perhaps I can Update some of them to include self plotting divergences and maybe oscillation trendlines so that those winners are better than ever.
SO LETS GET RIGHT TO IT! Which MACD? WHY? FOR WHAT? TOSS YOUR HATS AND VOTES OR THOUGHTS INTO COMMENTS AND DISCOVERY SOME OF THESE COOL INDICATORS IF YOU HAVE YET TO. FEEL FREE TO HAVE OPEN DISCUSSION IN THE COMMENTS
YOUR CANDIDATES.
MACD - X A better macd from @dgtrd (this macd has slightly different calculations and a ton of extra added features which probably all needs to be looked at to be judged
MACZ VWAP from @LazyBear (this macd uses zscore and implements vwap usage. has smoothing for choppy factor and perhaps good entries but maybe it varies as well. should take a look)
Stick Line macd from @blackcat1402 (newer addition and has interesting behavior that actually gives warnings for when reverses cross or signals may arise)
MACDAS from @KivancOzbilgic THOMAS ASPRAY'S MACD by KIVANC (based on MACD HISTOGRAM'S 9 period EMA signal line)
4C 4 color macd from @vkno422 (this is a strict histogram macd that features for 4 different colors and a strategy for how to treat them_
OBV MACD indicator from @RafaelZioni (this is a linear macd that uses its base signal from the OBV for improving entry. considerations can be made for if it keeps with trades or exits them at the best time. it is nice with pivot labels signals also included in the indicator)
ADVANCED PPO (price percentage ocsilator) from @TheLark (this is an alternative that is used in a similar fashion to macD. and inverse sort of. It is the Laguerre ppo. while less known some consider it a macd improvement)
MACD DEMA from @ToFFF (macd worked with double exponential moving average)
DOUBLE MACD buy sell from @Dreadblitz (this double setting combo of macd won a competition and the poster goes into detail on it and shares video link about it)
IMPULSE MACD from @LazyBear (this histogram macd doesn't have crosses but a completely different method and way to view and enter price using macd)
STC indicator a better macd from @shayankm (this improved entry method turns the macd into a similar inverse fisher looking binary signal view. try it out to see your thoughts)
SuperSmoothedMacd for crypto (and stocks) from @KivancOzbilgic (he has made both smoothed adjusted macd for crypto and stocks. (I will post 1other can be found) it is up to user to decide if is indeed better than the other macd choices for crypto and stocks in the end)
Customizable macd for any timeframe+ from @ChrisMoody (a must-have inclusion as one of the first big and versatile macd indicators on trading view. with a lot of functionality. It should be discovered if some of the newer things offer different factors or abilities that this one can be customized with)
