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- jmflukeiii replied May 7, 2014
No, no, sorry I didn't mean to criticize. I get it - I like it - on Ninjatrader, there is an indicator called Swing. It plots points on the chart that are the highest or lowest point of the previous X bars and the following X bars, clearly and ...
- jmflukeiii replied May 7, 2014
Okay. I'm not convinced you need a MACD to draw trendlines, but was interested to see if drawing a trendline could be made perfectly objective. It sounds like we're close, but there are a few other subjective considerations. How long have you been ...
- jmflukeiii replied May 7, 2014
Technically speaking, I think it is, but I understand the distinction you are making - the MACD needs to make a clear and definable low/high. Perhaps you can draw a line on the MACD, a horizontal one, indicating how far the MACD must go in order to ...
- jmflukeiii replied May 7, 2014
Thanks for the detailed response - I understand what you're saying. I was thinking, to make it a truly mechanical process, that in order for a trendline to be valid, you could could wait for 4 MACD extremes, 2 above the 0 line and 2 below the 0 ...
- jmflukeiii replied May 7, 2014
Could you have drawn your trendline like I did in the attached picture? EDIT: I'm not trying to be difficult, just trying to understand. image
- jmflukeiii replied May 7, 2014
Hey objective trendlines sounds great. I'm not quite sure I understand how you are using the MACD to draw them though... could you explain that a bit more?
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