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DOWNLOAD YOUR TRADING GUIDE - FREE https://www.netpicks.com/getafreetrad... The MACD indicator is very useful when thinking of it in terms of momentum and trend and not as a holy grail. There are many settings that can be used and I prefer to use the settings that reflect the 3/10 oscillator (Raschke). While you can simply input the numbers 3,10,16 into your standard MACD, the proper 3/10 uses simple averages. In Sierra charts (fast becoming my top charting platform), there is a drop down menu where you can change the type of average. 3/10 OSCILLATOR SETUP The fast line is a good indicator of the overall change in momentum and the slow line is generally regarded as displaying the intermediate trend of the instrument. http://www.netpicks.com/310-oscillato... - Read more Risk Disclosures: https://www.netpicks.com/risk-disclos... FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. NetPicks Services are offered for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized investment advice. We are not financial advisors and cannot give personalized advice. There is a risk of loss in all trading, and you may lose some or all of your original investment. Results presented are not typical. Please review the full risk disclaimer: https://www.netpicks.com/risk-disclosure