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At 09:59 AM 7/28/97 +0000, you wrote:
>>>Can anybody out there help me.
>>>
>>>Using Metastock V6:
>>>
>>>1. What would the formula be to plot a weekly MACD on a daily chart.
>
Steve:
Have you condidered using a weekly "equivalent" rather than weekly
bars? For instance, 10 weeks might be equivalent to 50 trading days. The
metastock web site gives the formula for the MACD Histogram as:
( mov( C,12,E ) - mov( C,26,E ) ) - mov( ( mov( C,12,E ) - mov( C,26,E ) ),9,E )
Converting the days to 5 day "weeks" would involve multiplying 12*5,
26*5,and 9*5 and substituting. Just a possible solution.
Terry
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