Rigorous testing of the widely used MACD indicator results in a surprisingly low success rate of 32.73% for the individually tested NASDAQ-100 stocks over a 10-year period. This study derives two methods, which address the shortcomings of the MACD indicator.

Gunter Meissner, Albin Alex and Kai Nolte

Sommario:

•Abstract - Introduction

•The traditional MACD Indicator

•Analysis

•Results

•Model MACDR2 and Option Trading

•Model MACDR2 and Trading Volume

•Model MACDR2 and the Random Walk Hypothesis

•Conclusion

•References