Chong, Terence Tai-Leung; Li, Chen; Yu, Ho Tin - In: Economics Bulletin 7 (2008) 12, pp. 1-6
This paper studies the profitability of the Moving Average Convergence-Divergence (MACD) trading rule under three different crossing rules: the MACD zero line, the 9-day and 14-day signal lines. It is found that the trading rules perform well in the stock markets of Germany and Hong Kong. Our...
