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g> I am looking for a MACD chart with A Histogram plus would like to be
g> able to change time frames at will.
In the latest beta 4.63.1 this is all available via a double click of
the MACD indicator from the charts tab. You can then click on the
required timeframe view.
You really need to narrow things down to the specific area where you are
having a problem rather than posting a web page of ideas.
Regards,
William Peters
www.amitools.com
Tuesday, October 26, 2004, 9:15:09 AM, you wrote:
g> I am looking for a MACD chart with A Histogram plus would like to be
g> able to change time frames at will.
g> copy blow from a WEB page:
g> Successful trading system is to combine weekly and daily MACD
g> signals. You can do so by taking the daily signals that are in
g> accordance with both the weekly MACD and the overall trend (as
g> measured by the 30- or 40-week moving average).
g> MACD can be made even more useful by incorporating a related
g> indicator -- the MACD histogram. Thomas Aspray described the
g> histogram in 1986. Like MACD, it oscillates around a zero line. But
g> while MACD is an indicator based on moving averages, the histogram is
g> an indicator of an indicator -- the MACD itself.
g> What the histogram shows in graphic form is the difference between
g> the main MACD line (the 12-26 line) and the nine-period trigger line.
g> This difference is then plotted on a scale to form a histogram,
g> defined as a series of vertical lines. The higher the lines "grow"
g> above the histogram's zero line, the stronger the price momentum and
g> the more bullish the trend. The further the lines decline below the
g> zero line, the stronger the negative the trend and the more downside
g> pressure there is. When the MACD indicator itself issues a buy or
g> sell signal, then the histogram is always at its own zero line.
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