Re: MACD / RS

[Steve Latta <slatta@xxxxxxxxxxxxx>]

At 18:31 29/07/97 -0700, T. Jooss wrote:
>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 considered 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

Thanks Terry, your idea works great. The histogram shape and cross over
points are almost identical. A good bit of lateral thinking.

Thank again, Steve