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Dear Ed Middleton
I am in a similar position of having a 6year Reuters metastock data.I would
like to change over to QP2 like many of you guys. How did you manage
changeover especialy of symbol convertion. Anyone has ideas regarding
canadian stocks eg data vendors. Any suggestions will be appreciated
BBKatta
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> From: Ed Middleton <jgelfand@xxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: MACD periods, QP scans
> Date: Wednesday, November 25, 1998 7:50 PM
>
> Brooke,
>
> Your completely right. The canned formulation is different that QP2 and
the
> equation below. Let me get this straight. The canned MACD is MS is
> actually the true MACD equation but most people use the version of the
> equation below (i.e. the QP2 version)?
>
> I assume that most people use the equation below because it probably is
much
> simpler to use and program.
>
> thanks again,
>
> Ed
>
> -----Original Message-----
> From: Brookemail@xxxxxxx <Brookemail@xxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: November 25, 1998 2:12 PM
> Subject: MACD periods, QP scans
>
>
> >Ed: Try this formula for MACD, so you can use periods other than the 12,
26
> >and 9 in Metastock's canned formula:
> >
> >period1:=13;
> >period2:=34;
> >period3:=89;
> >Mov(C,period1,E) - Mov(C,period2,E);
> >Mov((Mov(C,period1,E) - Mov(C,period2,E)),period3,E)
> >
> >The first one is the MACD:
> >
> >Mov(C,period1,E) - Mov(C,period2,E);
> >
> >The second one is the signal line:
> >
> >Mov((Mov(C,period1,E) - Mov(C,period2,E)),period3,E)
> >
> >You can get the values for QP's MACD histogram in this Metastock
formula:
> >
> >period1:=13;
> >period2:=34;
> >period3:=89;
> >(Mov(C,period1,E) - Mov(C,period2,E))-(Mov((Mov(C,period1,E) -
> >Mov(C,period2,E)),period3,E))
> >
> >The MACD histogram is just MACD minus the signal line. It's an
oscillator
> that
> >shows when MACD crosses the signal line. The crossing point is zero.
> >
> >Try these periods for MACD:
> >
> >13, 34, 89
> >
> >5,35,4
> >
> >8, 17,9
> >
> >The first one (13,34,89) is a good longer-term MACD. The second (5,35,4)
is
> a
> >good shorter-term one.
> >
> >Here's a QP scan that gives MACD values (for variable periods). Put in
the
> >periods you want:
> >
> >a:=8;
> >b:=17;
> >c:=9;
> >
> >Here's the scan:
> >
> >//MACD (Variable): Get values for MACD(0);
> >//MACDSignal(0); Histogram; and Histogram Percent +/-
> >//by Brooke
> >
> >output="macd.lst";
> >//input="portfoli.lst";
> >issuetype=common;
> >exchange nyse,nasdaq,amex;
> >DaysToLoad=500;
> >
> >integer a, b, c;
> >float histogram, histogramprev, percentchange;
> >
> >a:=8;
> >b:=17;
> >c:=9;
> >
> >Set MACD = a,b,c;
> >
> >histogram:=MACD(0)-MACDSignal(0); //this creates oscillator to look
> >//for macd crossing its signal line; 0 represents crossing point
> >histogramprev:=MACD(-1)-MACDSignal(-1); //yesterday's value
> >
>
>percentchange:=((histogram-histogramprev)/abs(histogramprev+.0000001))*100;
> >
> >
> >println Symbol:-3, ",", "Close: ":-3,Close(0):7:3,"," ,
> > " MACD ", ",", MACD(0):7:4,"," , " MACDSignal ", ",",
> > MACDSignal(0):7:4,"," , " Histogram ", ",", histogram:7:4,
> >" Histogramprev ", ",", histogramprev:7:4,
> >" Histogram percent +/- ", ",", percentchange:7:4;
> >
> >***********************
> >
> >Here's a scan that looks for MACD crossing the signal line:
> >
> >//MACD Crossing Signal Line (variable)
> >//crossing signal line (variable), by Brooke
> >
> >output="macdcross.lst";
> >//input="portfoli.lst";
> >issuetype=common;
> >exchange nyse,nasdaq,amex;
> >DaysToLoad=500;
> >
> >integer a, b, c;
> >float histogram, histogramprev, percentchange;
> >
> >a:=5;
> >b:=35;
> >c:=4;
> >
> >Set MACD = a,b,c;
> >
> >histogram:=MACD(0)-MACDSignal(0); //this creates oscillator to look
> >//for macd crossing its signal line; 0 represents crossing point
> >histogramprev:=MACD(-1)-MACDSignal(-1); //yesterday's value
> >
>
>percentchange:=((histogram-histogramprev)/abs(histogramprev+.0000001))*100;
> >
> >if histogram > 0 and
> >histogramprev < 0 then
> >println Symbol:-3, ",", "BUY , Close: ":-3,Close(0):7:3,"," ,
> > " MACD ", ",", MACD(0):7:4,"," , " MACDSignal ", ",",
> > MACDSignal(0):7:4,"," , " Histogram ", ",", histogram:7:4,
> > " Histogram percent +/- ", ",", percentchange:7:4;
> >endif;
> >
> >
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