INDU MACCI Follower

[mindset]

Hello All,

The purpose of this thread is for like minded individuals who follow the INDUs MACCI on a daily basis to share their thoughts on the positions they took during the daily session. To share ideas and gain a better understanding of when to spot a long or short directional change of the INDU.

Heres my screenshot for todays trading,

I spotted something at 4pm

60min = turning down from O/B
30min = turning down from O/B
10min = turning down from O/B

5min the CCI turned down at 4pm but MACCI was a late signal
3min the MACCI was in O/B

Can anybody shine any light on what happened in todays session? did anybody spot any other short or long signals?

 

[Trader333]

In my view Macci is too simplistic to determine likely turning points on its own. It works much better when combined with key pivot points and in the past I used it in combination with VWAP although I don't do so now.


Paul

 

[mindset]

Hi Trader333,

If you have that ELA file for a better indicator I would be happy to view it, many thanks for your post.

In my view Macci is too simplistic to determine likely turning points on its own. It works much better when combined with key pivot points and in the past I used it in combination with VWAP although I don't do so now.


Paul