Rob Mitchell Debunking MACD "indicator"

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[herbs814]

(4:45) The bearish crossover on the 26/12/9 MACD means that the price action is decelerating and that you have +/- 26 periods before the top. It can be a useful timing indicator as an early warning of an impending top.

[herbs814]

(4:30) the market and the indicator are not "inverted". MACD is a signal of momentum (acceleration of price action), not the direction of price action. The bearish crossover below the signal line means that the price action is decelerating, not that it is supposed to falling.

[MattyC56]

Rob,

Your "debunking" of the MACD is flawed.

When you showed the "test" system, you did not

state what the account started with and you completely ignored the fact that according to

what appears to be an accumulative total, the "system" was profitable or at least most trades showed a profit. When you go from a negative 42,000 to negative 40,000, that is a profit of 2,000. That is a movement in a positive direction. If you don't see this, than you shouldn't be giving trading advice.