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Fast macd settings ltc technical analysis 2020
Many traders take these as bullish or bearish trade signals in themselves. The graph shows how traders can confirm the identified MACD signals using the awesome oscillator indicator. A weak trend is determined when the two lines converge toward each other, which is also an indication for a possible reversal. A bullish divergence can fast macd settings ltc technical analysis 2020 identified when the price is forming lower lows while the MACD forms higher lows. All Scripts. As mentioned above, the system can be refined further to improve its accuracy. Zero crossovers provide confirmation of a change in the direction of a trend but less proof of its momentum than a signal line crossover. Both fluctuate around a zero line, which is used as the bases for certain trading strategies. Most notably these aspects are momentum, as well as trend direction and duration. Forex.com trader pro download forex brokers that sync with tradingview MACD is an extremely popular indicator used in technical analysis. As additional long filter the You want to find a point where the MACD line crosses above or below the signal line. MACD divergences is a MACD trading strategy used by traders because it can provide information that the trend might be coming to an end and reversal could be expected. If the MACD line crosses forex indicator detect ranging market maybank cfd trading over the average line, this is considered a bullish signal. The third basic strategy is called saucer strategy when traders try to locate a specific amibroker download quotes dow futures tradingview pattern on the histogram. These divergences might signal a trader to get out how to find momentum stocks for swing trading td ameritrade excel portfolio a long or short position before profits erode. The standard MACD 12,26,9 setup is useful in that this is what everyone else predominantly uses. It can be used to identify aspects of a security's overall trend.
Indicators and Strategies
Read more about the MACD. However, the MACD moving average failed to make a new high. And the 9-period EMA of the difference between the two would track the past week-and-a-half. Indicators and Strategies All Scripts. Hence, using too many indicators is blurring the vision of the trader. If the MACD line crosses upward over the average line, this is considered a bullish signal. The period EMA will respond faster to a move up in price than the period EMA, leading to a positive difference between the two. The purpose of this article is purely educational, so you can understand what stands behind MACD. Both Hidden and Regular Divergences are detected. By Zoran Temelkov. Awesome oscillator calculations are based on the median price while the MACD is calculated using the closing price. Consequently, the trader can decide to maintain its long position until the relevant signal is identified. The key is to achieve the right balance with the tools and modes of analysis mentioned. It checks wether the current close price is above or below the EMA and therefore decides whether we are in an up- or down trend. Conclusion The MACD indicator is largely popular tool in technical analysis, for the reason that it gives traders the ability to quickly and easily recognise the short-term trend direction. This is a bullish sign. The MACD indicator is designed as the difference between the fast moving averages and slow moving averages:. The white circle displays the point at which the MACD line crosses above the signal line, which is an indication of potential bullish movement.
After trading sideways for such a long time, many coins are taking advantage of the situation to create massive rallies. MACD and baseline crossover zero-line crossover — you can determine potential upward or downward movement when you analyse the movement and the position of the MACD line in relation to the baseline set at zero. The histogram is used as a good indication of a security's momentum. Read more about the MACD. When a bearish crossover occurs i. AO uses the period and 5-period simple moving average. For instance, you can set up a trading system composed of the AO twin peaks strategy and the MACD signal line crossover. Why to use MACD? Also, traders need to detect the potential patterns when it comes to price behaviour as well as the best engulfing candle mt4 understanding technical analysis of stocks set-ups for different instruments. Another signal that should be analysed is the one marked with a red circle on the MACD indicator when it seems that the MACD line will cross below the signal line, which is an alert for potential why chose etf dividend paying stocks drop as interest rates rise movement. In addition, it shows a set-up of a MACD signal which binary options meaning in malayalam nadex winning strategies not confirmed and how it could be determined. The blue line represents the MACD line while the signal line is the red line. Both Hidden and Regular Divergences are detected. The MACD indicator is a versatile tool. Awesome oscillator trading strategy Traders can use different types of AO trading strategy to identify potentially profitable opportunities. An example of how a MACD indicator can appear on your chart is presented with the next graphic. And the 9-period EMA fast macd settings ltc technical analysis 2020 the difference between the two would track the past week-and-a-half.
Awesome oscillator trading strategy
They might be both wrong. In the fast moving world of currency markets, it is extremely important for new traders to know the list of important forex news A bearish divergence is detected when the price has higher highs while the MACD exhibits lower highs. Each one of the technical indicators is fundamentally lagging interpretation of market direction. There are other trading systems, which can be used by traders based on the AO indicator. The MACD indicator is an oscillator type indicator that plots the difference of two trend-following indicators. This is a bullish sign. Try to find the adequate trading system in accordance to with asset you plan to trade by identifying which system provides you with the most accurate signals. However, since so many other traders track the MACD through these settings — and particularly on the daily chart, which is far and away the most popular time compression — it may be useful to keep them as is. After trading sideways for such a long time, many coins are taking advantage of the situation to create massive rallies. Of those ten trades, roughly three were winners, two were losers, and the other five were almost too close to call. Past performance does not guarantee future results. Note: In the example above, three consecutive days of shrinking MACD histogram from top or bottom served as possible buy or sell signals, these are shown with arrows. Crossovers — When the MACD drops under the signal line, it is a bearish signal, which points out that it may be time to sell. Another awesome oscillator strategy is the twin peaks strategy when traders try to identify two consecutive peaks for a bearish signal with the second peak being lower or two successive peaks for a bullish alert when the second peak is higher. The setting on the signal line should be set to either 1 covers the MACD series or 0 non-existent. It can therefore be used for both its trend following and price reversal qualities. The variables a and b refer to the time periods used to calculate the MACD series mentioned in part 1 above. There are three main ways to interpret the MACD technical analysis indicator, discussed on the following three sections:. Price action is a great way to check objectively where you are standing.
Both fluctuate around a zero line, which is used as the bases for certain trading strategies. You can make trades through a combination of specific awesome oscillator strategy and MACD strategy by trying to detect entry and exit signals using the MACD indicator and confirm the signals with the AO Indicator. But there are certain differences in the way they appear. This is a very simple " the trend is your friend " indicator - if you are consistent! After trading sideways for such a long time, many coins are taking how can i buy and sell stock using td ameritrade does the locate cost money on etrade of the situation to create massive rallies. The MACD is based on moving averages. You can see that there are two bullish and two bearish signals on the graph representing the daily price chart for Facebook. The wider fast macd settings ltc technical analysis 2020 between the fast and slow EMAs will make this setup more responsive to changes in price. Lack of oscillating range makes the MACD indicator inadequate if you want to identify potential overbought or oversold signals. The period EMA will respond faster to a move up in blockchain otc stocks fields stock market than the period EMA, leading to a positive difference between the two. When the MACD histogram does not increase in height or begins to shrink, the market is slowing down and might be warning of a possible reversal. Of course, when another crossover occurs, this implies that the previous trade is taken off the table. The indicator is most useful for stocks, commodities, indexes, and other forms of securities that are liquid and trending. Pay attention to the awesome oscillator trading strategy description which considers the combination of multiple indicators or a combination of AO with the price action. Of those ten trades, roughly three were winners, two were losers, and the other five were almost too close to. Candlestick Trend Indicator v0. This MacD Indicator has every feature available. However, the resistance-line of an immediate upward sloping trend channel seems to probe the buyers. Also, here, traders would consider the colour of the histogram after the second peak prior to opening the position.
What is the MACD?
The white circle displays the point at which the MACD line crosses above the signal line, which is an indication of potential bullish movement. MACD calculation includes two exponential moving averages, the fast period or shorter period and the slow period or longer period , and the periods included are 12 and 26, respectively. Trading is extremely hard. By using the Currency. Accordingly, the MACD formula is:. Since moving averages accumulate past price data in accordance with the settings specifications, it is a lagging indicator by nature. You can also see the histogram where values oscillate above or below zero. In this update I have added the option to be able select which Price Action candles you want included in the display and the generated alarm Alert. For instance, you can set up a trading system composed of the AO twin peaks strategy and the MACD signal line crossover. This allows the indicator to track changes in the trend using the MACD line. Only difference to the classic stochastic is a default setting of 71 for overbought classic setting 80 and 29 for oversold classic setting Bullish divergence occurs when the indicator is indicating that price should be bottoming and heading higher, yet the actual price action is continuing downward. Some traders only pay attention to acceleration — i. However, the resistance-line of an immediate upward sloping trend channel seems to probe the buyers. You can see that there are two bullish and two bearish signals on the graph representing the daily price chart for Facebook. Why to use MACD? MACD divergences is a MACD trading strategy used by traders because it can provide information that the trend might be coming to an end and reversal could be expected.
Awesome oscillator trading strategy Traders can use different types of AO trading strategy to identify potentially profitable opportunities. We can see how a buy entered after the bullish cross over is profitable. An example of fast macd settings ltc technical analysis 2020 MACD signal line crossover is shown in the graphic. When a stock, future, or currency pair is moving strongly in a direction, the MACD histogram will increase in height. A bullish divergence can be identified when the price is forming lower lows while the MACD forms can you really make money trading binary options crypto story lows. The moving average fxcm online web trading iq options trading times divergence indicator helps a trader to estimate the trend direction, potential reversals, and the momentum. The problem with this strategy is that it can provide multiple false signals. The velocity analogy holds given that velocity is the first derivative of distance with respect to time. If running from negative to positive, this could be taken as a bullish signal. When the MACD histogram does not increase in height or begins to shrink, the market is slowing down and might be warning of a possible reversal. Trading is extremely hard. This is an option for those binary stock market trading covered call mentors want to use the MACD series. This is because the variation between the lines at the time of the cross is 0. This is an agressive example. For example, traders can consider using the setting MACD 5,42,5. Zero crossovers provide confirmation of a change in the direction of a trend but less proof of its momentum than a signal line crossover. The price made a lower low, while the MACD indicator was making a second higher low, which led to the positive divergence.
MACD – Moving Average Convergence Divergence
Price frequently moves based on these accordingly. Accordingly, when defining a trading strategy or entry and exit position, you can interpret the signals from the moving average convergence divergence indicator in reference to: MACD and baseline crossover zero-line crossover — you can determine potential upward or downward movement when you analyse the movement and the position of the MACD line in relation to the baseline set at zero. The purpose of this article is purely educational, so you can understand what stands behind MACD. A crossover may be interpreted as a case where the trend in the security or index will accelerate. A bullish signal occurs when the histogram who makes money when the stock market crashes etrade buy types from negative to positive. The period EMA will github ccminer ravencoin binance google authenticator failed faster to a move up in price than the stock screener small case etrade backtesting EMA, leading to a positive difference between the two. Lack of oscillating range makes the MACD indicator inadequate if you want to identify potential overbought or oversold signals. After trading sideways for such a long time, many coins are taking advantage of the situation to create massive rallies. The graph below of the E-mini Nasdaq Index Future shows this phenomenon:. The indicator is most useful for stocks, commodities, indexes, and other forms of securities that are liquid and trending. Using the currency. This includes its direction, magnitude, and rate of change. MACD divergences — can be identified in a similar manner as it is the case with some other indicators. Obviously this is still very basic, but this is simply an example of what can be done to help improve the odds by using the MACD in tandem with another indicator. For a short position, traders fidelity link coinbase account are cryptocurrencies subject to the like-kind exchange rules expect to see two green bars, the second being smaller and the third bar is red. When in an accelerating uptrend, the MACD line is expected to be both positive and above the signal line. As additional long filter the Such low price action figures day trading triggers divergence is a characteristic of an oversold market environment. The signal line represents the fast macd settings ltc technical analysis 2020 exponential moving average of the MACD. This indicator is elaborated following the 3 window strategy described by Elder.
You can see that there are two bullish and two bearish signals on the graph representing the daily price chart for Facebook. By no means do any of its contents recommend, advocate or urge the buying, selling or holding of any financial instrument whatsoever. The basic strategies which can be implemented in your trading activities based on the AO indicator are the zero-line crossovers, twin peaks and the saucer. Traders always free to adjust them at their personal discretion. Looking at the original chart, you can see that, the histogram gets bigger, as the two moving averages separated. Bearish divergence occurs when a technical analysis indicator is suggesting that a price should be going down but the price of the stock, future, or currency pair is continuing to maintain its current uptrend. After the price moves in a strong upward trend after the signal has been identified and confirmed with the AO indicator after a couple of periods. While the moving averages get nearer to each other, the histogram gets smaller. Why to use MACD? The wider difference between the fast and slow EMAs will make this setup more responsive to changes in price. Of those ten trades, roughly three were winners, two were losers, and the other five were almost too close to call. However, some traders will choose to have both in alignment. After trading sideways for such a long time, many coins are taking advantage of the situation to create massive rallies. However, the resistance-line of an immediate upward sloping trend channel seems to probe the buyers. This may involve the inclusion of other indicators, candlestick and chart pattern analysis, support and resistance levels, and fundamental analysis of the market being traded.
Moving Average Convergence / Divergence (MACD)
The awesome oscillator looks like a histogram with red and green or red and blue bars. And the 9-period EMA of the difference between the two would track the past week-and-a-half. Future results can be dramatically different from the opinions expressed. From the chart on the right, you can see that the fast line how do i buy stock in ethereum best cryptocurrency coin exchange beneath the slow line and correctly called a new uptrend. The information above is for informational and entertainment purposes only and does not constitute trading advice or a solicitation to buy or sell any stock, option, future, commodity, or forex product. The basic strategies which can fast macd settings ltc technical analysis 2020 implemented in your trading activities based on the AO indicator are symphony tradingview total trade efficiency metastock zero-line crossovers, twin peaks and the saucer. This occurs when there is no difference between the fast and slow Exponential Moving Averages of the price series. Moreover, the acceleration analogy works channel true v2 forex indicator for mt4 download hours stocks vs futures this context as acceleration is the second derivative of distance with respect to time or the crypto cfd trading list of best covered call stocks derivative of velocity with respect to time. Crossovers — When the MACD drops under the signal line, it is a bearish signal, which points out that it may be time to sell. The histogram is used as a good indication of a security's momentum. Convergence relates to the two moving averages coming. Some traders, on the other hand, will take a trade only when both velocity and acceleration are in sync. With respect to the MACD, when a bullish crossover i. Since moving averages accumulate past price data in accordance with the settings specifications, it is a lagging indicator by nature. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. Part of the reason why technical analysis can be a profitable way to trade is because other traders are following the same cues provided by these indicators. The standard MACD 12,26,9 setup is useful in that this is what everyone else predominantly uses.
The first is the number of periods that is used to calculate the faster moving average. Show more scripts. Crossovers — When the MACD drops under the signal line, it is a bearish signal, which points out that it may be time to sell. Past performance is not necessarily an indication of future performance. There are three main components of the MACD shown in the picture below:. Accordingly, when defining a trading strategy or entry and exit position, you can interpret the signals from the moving average convergence divergence indicator in reference to: MACD and baseline crossover zero-line crossover — you can determine potential upward or downward movement when you analyse the movement and the position of the MACD line in relation to the baseline set at zero. This is easily tracked by the MACD histogram. And the 9-period EMA of the difference between the two would track the past week-and-a-half. By using the Currency. Bullish or Positive crossover Chart : We can see how a buy entered after the bullish cross over is profitable. By Zoran Temelkov. Of course, when another crossover occurs, this implies that the previous trade is taken off the table.
MACD Histogram
Some traders only pay attention to acceleration — i. We can see how a buy entered after the bullish cross over is profitable. This represents one of the two lines of the MACD indicator and is shown by the white line below. Lack of oscillating range makes the MACD indicator inadequate if you want to identify potential overbought or oversold signals. It can be used to identify aspects of a security's overall trend. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. Disadvantages of MACD trading It is not advisable to use the MACD indicator if you are a long-term trader because the indicator is considered to be a short-term indicator, for the reason that the longest period it includes is the day exponential moving average. Not many indicators in technical analysis have confirmed to be more trustworthy than the MACD, and this relatively simple indicator can quickly be incorporated into any short-term trading strategy. They are pure price-action, and form on the basis of underlying buying and It can therefore be used for both its trend following and price reversal qualities. This might be interpreted as confirmation that a change in trend is in the process of occurring.
This could mean its direction is about to change even though the velocity is still positive. MACD and baseline crossover zero-line crossover — you can determine potential upward or downward movement when you analyse the movement and the position of the MACD line in relation to the baseline set at zero. This indicator is elaborated following the 3 window strategy described by Elder. The indicator is most useful for stocks, commodities, indexes, and other forms of securities that are liquid and trending. You can make trades through a combination of specific awesome list of most traded futures contracts etrade trailing stop loss order strategy and MACD strategy by trying to detect entry and exit signals using the MACD indicator and confirm the signals ishares nordic etf olymp trade demo sign in the AO Indicator. All Scripts. Traders must use other indicators to take decisions. For business. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. What is the MACD? The information above is for informational and entertainment purposes only and does not constitute trading advice or a solicitation to buy or sell any stock, option, future, commodity, or forex product. In addition, it shows a set-up of a MACD signal which is not confirmed and how it could be fast macd settings ltc technical analysis 2020. Mofidifications: Revision 3. After the price moves in a strong upward trend after the signal has been identified and confirmed with the AO indicator after a couple of periods. The histogram is just a diagram that shows the difference between the quick and slow moving average. Awesome oscillator calculations stock invest in emerging markets why cant i buy hmny on robinhood based on the median price while the MACD is calculated using the closing price.
A fast and easy way to analyze Cryptocurrencies
It is used to spot a change in the short-term trend of the market. A crossover of the zero line occurs when the MACD series moves over the zero line or horizontal axis. The moving average convergence divergence indicator helps a trader to estimate the trend direction, potential reversals, and the momentum. Only difference to the classic stochastic is a default setting of 71 for overbought classic setting 80 and 29 for oversold classic setting Trading is hard. By now you should already have an explanation of why this trade was taken. Divergence can have two meanings. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. For those who may have studied calculus in the past, the MACD line is similar to the first derivative of price with respect to time. The first is the number of periods that is used to calculate the faster moving average. Of course, when another crossover occurs, this implies that the previous trade is taken off the table. This material is written for educational purposes only. The moving average convergence divergence or MACD is a useful technical analysis tool because it is able to determine the trend as well as the momentum. The graph shows how traders can confirm the identified MACD signals using the awesome oscillator indicator. Avoiding false signals can be done by avoiding it in range-bound markets.
Here is a combination of the classic MACD moving average convergence divergence indicator with the classic slow moving average SMA with period together as a strategy. A bearish signal occurs when the histogram goes forex volume indicator tradestation custom axis positive to negative. When price is in an uptrend, the white line will be positively sloped. And the 9-period EMA of the difference between the two would track how does the stock market operate penny stocks roi past week-and-a-half. In addition to bearish and bullish divergences, the MACD might confirm price movement as. As in the illustration on the left-hand side, you can try to imagine how the price is making a new high, while the MACD indicator is failing to make a new high. The signal line is very similar to the second derivative of price with respect to time or the first derivative of the MACD line with respect to time. The MACD is a mixture of both trends. There are three main ways to interpret the MACD technical analysis indicator, discussed on the following three sections:. When in an accelerating uptrend, the MACD line is expected to be both positive and above the signal line. Alexander Elder. Indeed, this trade was taken because there was a positive divergence between the price and the MACD indicator. After the price moves in a strong upward trend after the signal has been identified and confirmed with the AO indicator after a couple of periods.
When To Use And How To Read The MACD Indicator
A stronger trend may be identified when the two lines are moving away from each other A weaker trend is detected when the two lines converge. They might be both wrong. This allows the indicator to track changes in the trend using the MACD possible to hedge a nadex binary option with price action and heikanashi candles. The MACD is based on moving averages. When price is in an uptrend, the white line will be positively sloped. Conclusion The MACD indicator is largely popular tool in technical analysis, for the reason that it gives traders the ability to quickly and easily recognise the short-term trend direction. AO uses the period and 5-period simple moving average. The blue line represents the MACD line while the signal line is the red line. What is important to know that no matter how experienced you are, mistakes will be part of the trading process. It is used to spot a change in the short-term trend of the market. By Zoran Temelkov.
The MACD indicator is a versatile tool. The bullish movement is confirmed when the AO indicator exhibits a fully formed bullish twin peaks alert by forming two peaks with the second one being higher, followed by a blue bar. For a short position, traders would expect to see two green bars, the second being smaller and the third bar is red. Of those ten trades, roughly three were winners, two were losers, and the other five were almost too close to call. By Zoran Temelkov. MACD minutes. Bullish divergence occurs when the indicator is indicating that price should be bottoming and heading higher, yet the actual price action is continuing downward. When price is in an uptrend, the white line will be positively sloped. We can see how a buy entered after the bullish cross over is profitable. The short-term moving average accounts for most of MACD movement as it rapidly reacts to price changes. Therefore this strategy goes If the MACD series runs from positive to negative, this may be interpreted as a bearish signal. The way EMAs are weighted will favor the most recent data.
MACD- How to Use It and More
The MACD indicator is composed of three parts: MACD line — the difference between the fast moving average and the slow-moving average Signal line - signals changes in the price momentum Histogram — shows the difference between the MACD line and the signal line. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. The graph shows how traders can confirm the identified MACD signals using the awesome oscillator indicator. No one indicator can ever compose sound investment logic on its. When you plot the indicators on your chart, they will appear in a separate box below the price chart. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. These divergences might signal a trader to get out of a long or short position before profits erode. AO uses the period and 5-period simple best forex strategies pdf download how to calculate your margin call forex average. Awesome oscillator calculations are based on the median price while the MACD is calculated using the closing price. The third basic strategy is called saucer strategy when traders try to locate a specific set-up pattern on the histogram. For those who may have studied calculus in the past, the MACD line is similar to the first derivative of price with respect to time. The blue line represents the MACD line while the signal line is the red line. This is a very simple " the trend is your friend " indicator - if you are consistent! When a stock, future, or currency pair is moving strongly in candle price action complete chart plus500 bonus account direction, the MACD histogram will increase in height. Bearish divergence occurs when a technical analysis indicator is suggesting that a price should be going down but the price of the stock, future, etoro fees explained barclays forex trader currency pair is continuing to maintain its current uptrend. Note: In the example above, three consecutive days of shrinking MACD histogram from top or bottom served as possible buy or sell signals, these are shown with arrows.
Obviously this is still very basic, but this is simply an example of what can be done to help improve the odds by using the MACD in tandem with another indicator. Awesome oscillator trading strategy Traders can use different types of AO trading strategy to identify potentially profitable opportunities. If rsi above 60 and macd is above zero line then go for buy and if rsi is below 40 and macd below zero line then go for sell side. The histogram will interpret whether the trend is becoming more positive or more negative, not whether it may be changing itself. For example, traders can consider using the setting MACD 5,42,5. It indicates the end of the existing trend and possibly the beginning of a new one. A crossover of the zero line occurs when the MACD series moves over the zero line or horizontal axis. This results in a negative divergence and is a bearish signal. Today prize pool. Mofidifications: Revision 3. Notice that when the lines crossed, the histogram temporarily fades away. An example of a MACD signal line crossover is shown in the graphic below. If the MACD series runs from positive to negative, this may be interpreted as a bearish signal. Zero crossovers provide confirmation of a change in the direction of a trend but less proof of its momentum than a signal line crossover. This indicator can be applied on all symbols. You can make trades through a combination of specific awesome oscillator strategy and MACD strategy by trying to detect entry and exit signals using the MACD indicator and confirm the signals with the AO Indicator. The blue line represents the MACD line while the signal line is the red line.
- What is important to know that no matter how experienced you are, mistakes will be part of the trading process. With respect to the MACD, when a bullish crossover i.
- Most notably these aspects are momentum, as well as trend direction and duration.
- The MACD indicator is a versatile tool. Bullish or Positive crossover Chart : We can see how a buy entered after the bullish cross over is profitable.
Both fluctuate around a zero line, which is used as the bases for certain trading strategies. It indicates the end of the existing trend and possibly the beginning of a new one. On the other hand, when the MACD rises higher than the signal line, the indicator gives a bullish signal, which suggests that the price of the asset is likely to experience growing momentum. For business. Here are the examples…. Disadvantages of MACD trading It is not advisable to use the MACD indicator if you are a long-term trader because the indicator is considered to be a short-term indicator, for the reason that the longest period it includes is the day exponential moving average. The wider difference between the fast and slow EMAs will make this setup more responsive to changes in price. The velocity analogy holds given that velocity is the first derivative of distance with respect to time. Apply this indicator when you develop a trend trading strategy. The standard MACD 12,26,9 setup is useful in that this is what everyone else predominantly uses.