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Most popular time to have a MACD indicator BEGIN calculating 30 second ES bars?
What is the most popular time to have a MACD indicator BEGIN calculating 30 second ES (Emini S&P 500) bars? At the 6pm (EST) opening of each daily session? At the 6pm (EST) Sunday opening of each weekly session? At the first opening session that the contract became the front month?
I ask because the MACD value for 30 second bars varies significantly based on the time I begin running the MACD. For instance, the MACD value of a 30 second bar closing on Wed at 8pm (EST) will be different if the MACD began running on Wed 6pm (EST) vs if the MACD began running on Sunday 6pm (EST).
Thanks!
P.S.
Same question regarding running other popular indicators (such as Bollinger Bands) on 30 second ES bars.
Can you help answer these questions from other members on NexusFi?
Truthfully i don't know any profitable traders that use MACD on a 30 second chart, so you may never find your answer.(Use a higher time frame if anything because a 30 Sec chart is just wiggles and noise for the most part. A good place to start looking for confirming your trades is using higher high's , lower lows, higher lows, lower high's. On various time frames. Even the slopes of MA's can tell you a lot of information but be sure to speculate whether the markets are trending or in a range. Anyways good luck with your journey.
You asked this same question on another forum and no one replied. I think it is because , as @mpo7 said, using MACD on a 30 second chart is just wiggles and noise. Not to discourage you, but I would not put too much faith in a MACD on a 30 second chart regardless of the time of day you started.
Like the others have said, MACD on such a low time frame will not be very useful. However, you want an answer so I shall give you one!
If you trade the regular session (8:30-3:15 EST), you are going to want the MACD to start then. However, what this will do is skew the MACD at the open of the day. So, the most "accurate" and best thing you can do would be to have the chart/MACD running 24/7. So what this means is have the start time be 00:00:00 at the date in time you prefer. The truth is, on a time frame as small as yours, the start time will not make a difference unless the MACD settings are very large.
This is kind of "all that can usefully be said" as an answer to the OP's question, really, because an MACD of S30 bars is going to be about as useful as an ashtray on a motor-bike.
Thanks for the great answers everyone! What is the answer to this when using the MACD (or any popular indicator like Bollinger Bands) on longer timeframe ES (Emini S&P 500) bars? Such as 1 minute, 10 minute, 1 hour, 4 hour and 1 day bars?
If you're using the standard settings of 12/26/9 for an MACD, what it displays is surely based on information from only the most recent 26 periods anyway (13 minutes, in the case of S30 bars), so why would it be any different according to which day you started it off?