I plotted my charts at www.freestockcharts.com for my trading decisions. While doing that, I'm studying the tech analysis essentials at www.decisionpoint.com and noted that they use PMO indicator which correlates to MACD 12, 26, 9. On my charts, I'm showing MACD 12, 26 and EMA 9. I hope I'm following this correctly. Suffice to say, the charts I plotted didn't have the PMO indicator feature so I used MACD instead. I'm trying to figure out the other ways to set up that is relatively to MACD/PMO. Any suggestions or advice?
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PMO vs. MACD
- Thread starter mrubin78
- Start date
KevinD
Market Veteran
- Reaction score
- 41
JTH
TSP Legend
- Reaction score
- 1,056
I'm not a big fan of those who use proprietary indicators, there are already so many that basically do the same thing it's just downright redundant. In its place, I would try the basic Momentum indicator freestockcharts offers and adjust it to your trading style. I use a PPO myself to measure price performance in percentile form.
