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2017issue C1250-56

Weekly and daily MACD on a single daily chart

A weekly-and-daily MACD construction computes a conventional daily MACD and a longer-lookback weekly-scale MACD from the same daily close series, then plots their sum as a relative daily line against the weekly-scale line and a zero line.

  • Both a daily MACD and a longer-lookback weekly-scale MACD are computed from the same daily close series, so one daily chart can host two horizons.
  • The relative daily line is the weekly-scale MACD plus the daily MACD, plotted with the weekly-scale line and a zero line. A signal event is their cross.
  • The same construction also carries weekly and daily centerline crossovers and price-to-MACD divergences, with weekly-scale divergences treated as the higher-priority form.
  • Lookback pairs are user parameters, shown as 12 and 26 for the daily pair and 60 and 130 for the weekly-scale pair. Any coded example requires daily bars, with a default 20-day exit.
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Current trackMACD115 readings

Two horizons on one daily chart

The construction computes both a daily MACD and a longer-lookback weekly-scale MACD from the same daily close series. The weekly-and-daily MACD pair therefore lets a single daily chart host two horizons.

The weekly-scale MACD is built from daily closes with longer fast and slow lengths chosen to approximate a weekly MACD without leaving the daily chart. The daily series uses a conventional daily lookback pair.

S&P 500 weekly MACD versus relative daily line

Traders can watch a weekly-scale MACD and a faster relative daily line on one daily S&P 500 chart: both dropped below zero in the 2015 and 2016 selloffs, then recrossed the centerline on the 2016 advance, with the relative line turning first. Printed AmiBroker readings on 8 September 2016 are 40.5 for the weekly line and 45.45 for the relative line; other points were digitized from those two curves.
Traders can watch a weekly-scale MACD and a faster relative daily line on one daily S&P 500 chart: both dropped below zero in the 2015 and 2016 selloffs, then recrossed the centerline on the 2016 advance, with the relative line turning first. Printed AmiBroker readings on 8 September 2016 are 40.5 for the weekly line and 45.45 for the relative line; other points were digitized from those two curves.S&P 500 · Daily · 2015-07-01T00:00:00.000Z to 2016-09-08T00:00:00.000Z

Both oscillators use the daily close with lookbacks 60/130 (weekly-scale) and 12/26 (daily). Intermediate points are approximate readings from the chart image, not the computed tick series.

The relative daily line

A relative daily line is formed by adding the weekly-scale MACD to the daily MACD. That line is plotted with the weekly-scale MACD and a zero line.

A checkable signal event is defined when the relative daily line crosses above or below the weekly-scale MACD. That crossing is treated as a separate hypothesis from a centerline crossover.

Centerline crossovers and weekly divergences

Additional hypotheses attached to the same construction include weekly and daily centerline crossovers plus price-to-MACD divergences. A centerline crossover is a zero-line event on either the weekly-scale MACD or the daily MACD.

In this construction, weekly-scale MACD divergences are treated as more important than daily MACD divergences. A weekly divergence is a disagreement between price extremes and the weekly-scale MACD.

A bearish divergence is specified as price making a higher high, or a series of higher highs, while the weekly-scale line makes a lower high. The inverse defines a bullish divergence.

Lookback pairs and the daily interval constraint

Default lookbacks shown for the daily pair are 12 and 26, and for the weekly-scale pair are 60 and 130. Lookback intervals for both MACD pairs are exposed as user parameters so alternative lengths can be substituted without changing the construction logic.

An example coded strategy requires daily bars and exits after a user-set number of days, with a default exit horizon of 20 days. The daily interval constraint is the requirement that the indicator and any coded strategy run on daily bars so the lengthened weekly lookbacks remain meaningful.

Educational research material, not investment advice. Historical source context does not establish present-day performance.
75 of 80 in the MACD track
201710-15 pp.Next on MACDWeekly and daily MACD as a stacked momentum filterWeekly MACD is the 60-day EMA minus the 130-day EMA and serves as the weekly momentum centerline on a daily chart.
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
1988Rebuild MACD-Mo and MACD-H before treating them as signals1988Weekly MACD as a two-clock momentum confirmation stack1989Four-span MACD lookbacks as perishable parameters1989Weekly then daily MACD confirmation on individual stocks1990Constructing a lag-aligned triangular MACD