by pipsqueak » Mon Jan 30, 2012 2:56 am
Okay I've looked at this indicator a little more with some other pairs.
It appears that some issues still exist. It is showing a bullish move even though a bearish trend seems to be developing, at least from my viewpoint. I have been looking at the DNC and thinking that it could improve the MACD-CCI collaboration. The DNC is very powerful.
Also I was noticing that when this indicator was suggesting a move that was in opposition to the EMA 200,100 and at times the 50 there should be no action or at least I mild action. This perplexes me for the MACD is developed from the EMA. Consequently, I wanted to add EMA tests for the EMA's do show the overall trend very well. Tests that if the collaboration was suggesting a position contrary to the EMA's that some hesitation should be suggested.
Maybe all of my discussion shows how little I understand how the indicators were developed, but when I "see" the MACD oppose the EMA's from which it was derived confuses me.