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wc = TimeFrameCompress( Close, inWeekly );
ST_WEMA = EMA( wc, 12 );
LT_WEMA = EMA(WC,26);
WMACD=ST_WEMA-LT_WEMA;
WTRGR=EMA(WMACD,9);
WBUY=Cross(WMACD,WTRGR);
DBUY=Cross(MACD(),Signal());
Buy=DBUY AND WBUY;
Filter=Buy;
AddColumn(Close,"Close",1.4);
AddColumn(MACD(),"D_MACD",1.4);
AddColumn(WMACD,"W_MACD",1.4);
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The value that the above formula is reporting for the MACD on a weekly basis is not the one that is obtained by compressing the time frame of the entire chart from daily to weekly. What am I doing wrong here? Thanks for any help,
Rakesh
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