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2017issue C1239-41

Nested weekly and daily MACD from paired EMA spreads

A weekly-daily-macd is assembled by pairing a long-horizon ema-spread with a short-horizon ema-spread so weekly and daily MACD information sit in one series. The weekly-component is the zero-relative baseline, the relative-daily-macd oscillates around that slower leg, and weekly centerline and divergence marks are ranked above the faster daily events.

  • A weekly-daily-macd is assembled by adding a long-horizon ema-spread to a short-horizon ema-spread so weekly and daily MACD information sit in one series.
  • The weekly-component moves above and below the zero line, and the relative-daily-macd is read as oscillating above and below that slower leg.
  • Weekly-component centerline-crossover events and weekly divergences are ranked as more important than relative-daily crossings and daily price-indicator-divergence marks.
  • The nested reading is an unbounded-oscillator, so its magnitude follows the instrument's price level and raw values cannot be compared across securities priced at different levels.
Entries in this reading3 entries
Current trackMACD115 readingsPrice-indicator divergence142 readingsMoving average449 readings

Building the nested oscillator

A weekly-plus-daily MACD can be assembled by adding a long-horizon exponential-average difference to a short-horizon exponential-average difference. That pairing is the weekly-daily-macd: a composite oscillator built so weekly and daily MACD information sit in one series.

The stated default lookbacks are a 60-day versus 130-day exponential moving-average spread for the weekly leg and a 12-day versus 26-day spread for the daily leg. Each ema-spread is the difference between two exponential moving averages of closing price, and that difference is the building block of each MACD leg.

The weekly-component is the slower ema-spread, conventionally the 60-versus-130 difference. It fluctuates around zero and stands in for weekly MACD on a daily chart.

How the two legs share one pane

In the combined display the daily MACD is described as oscillating above and below the weekly-component, while the weekly-component itself moves above and below the zero line. The faster ema-spread, read against the weekly-component rather than only against its own zero line, is the relative-daily-macd.

A centerline-crossover is a change in sign of a MACD component relative to zero. Weekly-component centerline crossings are characterized as less frequent than relative-daily MACD crossings and ordinary daily MACD centerline crossings. Weekly-component centerline crossings read from a daily chart are described as close to MACD centerline crossings taken from a weekly chart.

Which crossings and divergences rank higher

Weekly centerline crossings and weekly divergences are ranked as more important than relative-daily centerline crossings, relative-daily line crossings, and daily divergences.

A price-indicator-divergence is a disagreement between price swings and MACD swings, used here to compare how often such disagreements appear on a conventional daily MACD versus a relative-daily reading. A relative daily MACD is described as producing fewer divergences than a conventional daily MACD while a strong trend is in force. In one illustrated interval a conventional daily MACD printed four bearish divergences while the relative-daily-macd printed one.

Why raw readings do not compare across instruments

The combined oscillator has no fixed upper or lower bounds. It is an unbounded-oscillator: its values depend on the security's price level, which prevents comparing raw readings across instruments priced at different levels.

Educational research material, not investment advice. Historical source context does not establish present-day performance.
77 of 80 in the MACD track
20188-11 pp.Next on MACDWeekly and daily PPO scale versus MACD, with bounded RSI and stochastic readingsEditorial interpretation: keep MACD when the hypothesis is absolute average separation, switch to the weekly-and-daily percentage price oscillator when that structure must stay comparable after large price changes or across symbols, and reserve the relative strength index and the stochastic oscillator for overbought and oversold readings.
All readings on this track · 80 readings
  1. 1988Rebuild MACD-Mo and MACD-H before treating them as signals
  2. 1989Four-span MACD lookbacks as perishable parameters
  3. 1989Weekly then daily MACD confirmation on individual stocks
  4. 1991Regime-gated MACD and stochastic rules inside a checklist
  5. 1991Constructing MACD signal lines and divergence tests
  6. 1991MACD parameter order and cycle phase lag
  7. 1992Lengthened bond MACD as an equity regime filter
  8. 1992Long-horizon MACD construction from paired exponential averages
  9. 1993Constructing a signed ten-point trend filter
  10. 1994Constructing lag-reduced double exponential averages for MACD
  11. 1994Seeding DEMA2 filters to build a MACD signal
  12. 1994Constructing MACD from lag-reduced exponential averages
  13. 1994TEMA1 from nested exponential averages, then a two-horizon MACD
  14. 1994Constructing entry and exit on a relative-strength MACD
  15. 1994Constructing a relative-strength MACD crossover spreadsheet
  16. 1995Consensus presignal filters for Relative Strength Index, MACD and the Stochastic oscillator
  17. 1997Confirm the MACD turn with price, then exit on the histogram
  18. 1997Reconstructing a stochastic oscillator, MACD, and a triple-smoothed oscillator
  19. 1997Moving-average windows before crossovers and MACD
  20. 1999Second-stage MACD on relative-strength inputs
  21. 1999Constructing MACD from exponential-average spreads for crossover and divergence
  22. 1999Coding candlesticks into numeric indicators
  23. 2001Second-low confirmation with a percentage oscillator and money-flow filter
  24. 2001Constructing MACD from exponential average spreads and a signal line
  25. 2002Separate bounded and trend-following oscillator rules
  26. 2002Sort the regime before assigning MACD and stochastic jobs
  27. 2002Building classic divergence filters from RSI and MACD
  28. 2002Weekly highs and lows as trend gates
  29. 2002Constructing channel-normalized Fisher reversal signals
  30. 2002Affine-price and the Fisher transform as a constructed companion to MACD
  31. 2003Regularized EMA construction with a MACD line and a thrust oscillator
  32. 2003Curvature-penalized exponential averages versus MACD
  33. 2003MACD, moving averages, and a trend filter as one timing system
  34. 2003Fractional MACD and linear-regression reversal construction
  35. 2004Weekly MACD-histogram timing of bear-market rallies
  36. 2004Candlestick triggers filtered by MACD divergence
  37. 2004Staging energy-complex tops with trendline, breakout, and MACD
  38. 2005Selling climax holds versus fails
  39. 2006Treat a sideways Wave as permission before a breakout
  40. 2007MACD with a Stochastic oscillator for spotting trend reversals
  41. 2007Rebuilding an S&P 500 fifth-wave count after a broken target
  42. 2007Constructing MACD, RSI, and stochastic confirmation for futures
  43. 2007MACD histogram divergence needs a confirming close
  44. 2007Write the plan as a stack: ratio, boundary, then oscillators
  45. 2008MACD divergence and Stochastic oscillator confirmation on lumber futures
  46. 2008Assign confirmation, timing, and a stop before a currency pair is tested
  47. 2008Confirm the ten-bagger launch path before the MACD exit
  48. 2008Reading the offloaded evidence file
  49. 2008A Leader companion for MACD direction warnings
  50. 2008Relative strength exits with MACD averages and RSI
  51. 2008Assign one job per indicator in a three-screens rule set
  52. 2008Sequencing RSI, MACD, and average crossovers
  53. 2010Constructing the Schaff Trend Cycle from MACD and a dominant-cycle window
  54. 2010Schaff Trend Cycle as a MACD and Stochastic oscillator combination
  55. 2010Combining Relative Strength Index, the stochastic oscillator, and MACD as slope filters
  56. 2010Short-term wave and ratio clues without direction calls
  57. 2010A precise pullback entry and an unplanned profit-protection exit
  58. 2010Filtering MACD false signals with trendline breaks
  59. 2011Vendor feeds as an input variable in a MACD evaluation
  60. 2012Out-of-the-money versus in-the-money option sensitivity to implied volatility
  61. 2012MACD window tuning as hold-time control
  62. 2012Combining a moving-average crossover with MACD and support-resistance
  63. 2012Testing a published MACD entry with a histogram and signal-line agreement filter
  64. 2012Treat sample systems as a lab before live rules
  65. 2013Constructing moving averages and MACD from one price series
  66. 2013The next-bar price that forces a MACD signal-line cross
  67. 2013Constructing next-bar MACD reversal prices
  68. 2013Constructing inverted MACD reversal prices
  69. 2014Shared-filter combinations of the stochastic oscillator, MACD, and RSI
  70. 2014Square-root lookbacks for combined MACD and RSI
  71. 2015Audit open interest and trend before trusting oscillator crossovers
  72. 2016MACD without a signal line, confirmed by moving-average trend filters
  73. 2016Use RSI, MACD, and a moving average as a market-health consensus
  74. 2016MACD line versus histogram is a display problem first
  75. 2017Weekly and daily MACD on a single daily chart
  76. 2017Weekly and daily MACD as a stacked momentum filter
  77. 2017Nested weekly and daily MACD from paired EMA spreads
  78. 2018Weekly and daily PPO scale versus MACD, with bounded RSI and stochastic readings
  79. 2018Constructing a weekly and daily percentage price oscillator
  80. 2020Constructing Wyckoff tape reading with MACD, moving-average, and RSI filters
By fieldIndicators and filters682 readingsBy year2017100 readings
All 115 readings tagged MACD
Also on MACD5 readings
1989Weekly then daily MACD confirmation on individual stocks1997Confirm the MACD turn with price, then exit on the histogram2001Constructing MACD from exponential average spreads and a signal line2008A Leader companion for MACD direction warnings2017Weekly and daily MACD as a stacked momentum filter