Macd settings for scalping on a 5-10 minute chart

For scalping on a 5-10 minute chart, the MACD settings should be adjusted to provide quick and sensitive reactions to price movements. Here's a suggested setup:

1. **Short EMA Period**: Set the short EMA period to 12 (12 periods). This will make the MACD responsive to shorter-term price fluctuations, ideal for scalping.
2. **Long EMA Period**: Keep the long EMA period at 26 (26 periods). This maintains a slight lag, which can help filter out false signals and provide a more stable signal line.
3. **Signal Period**: Set the signal period to 9 (9 periods). This will trigger signals more frequently, aligning with the 5-10 minute chart timeframe and enhancing scalping opportunities.

These settings will create a MACD that is sensitive enough to capture short-term price movements, making it a valuable tool for scalping on shorter timeframes. Remember to backtest any indicator settings on your own data to ensure they work well for your specific trading style and market conditions.