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The Macd Indicator Revisited by John F. Ehlers
The moving average convergence-divergence (MACD), one of the more popular technical indicators, was invented by technician Gerald Appel to trade the 26-week and 13-week cycles of the stock market. Commodity traders often use daily data with MACD but still use 26-period and 13-period exponential moving averages (EMA) in the analysis. The implication is that there are 26- and 13- day cyles in commodity markets. Beliefs such as this (for example, that only a 14-day relative strenght index is correct) incite my curiosity enought to make me do some research.
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Linear Mode
