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May understanding from the document is a daily EMA and a weekly EMA
on the same chart, now my thinking is it means to compress only one
EMA to weekly not a problem.(wc = TimeFrameCompress( Close,
inWeekly ); )
the problem is adding the histogram to be in sync with both EMA's
That is what I am asking help on.
Now the AFL code that I copy from Amibroker webpage seem to work fine
until I add the histogram it's not in sync no matter I cut it.
--- In amibroker@xxxxxxxxxxxxxxx, William Peters <williampeters@xxxx>
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.
>
> 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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