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Hi Lionel,
Yes, in somes cases there can be a difference in divergence.
See attached chart (KPN_MACD.GIF).
Since March 2000 KPN is in a downtrend.
The normal MACD gives a positive divergence.
But the "relative" MACD (= MACD/CLOSE) doesn't show a positive divergence.
Furthermore:
The "relative" MACD (= MACD/CLOSE) shows a clearer negative divergence
before the top was reached in March 2000.
I was wondering which MACD version is (statistical) better.
Onno
At 12:06 PM 12/28/00 -0600, you wrote:
>Is there a difference in the signals between the macd and the relative macd?
>
>Lionel Issen
>lissen@xxxxxxxxxxxxxx
>----- Original Message -----
>From: "Onno Goedknegt" <goedkneg@xxxxxx>
>To: <metastock@xxxxxxxxxxxxx>
>Sent: Wednesday, December 27, 2000 5:03 PM
>Subject: MACD vs. "relative" MACD
>
>
>>
>> Maybe there is someone out there who investigated the following issue?
>>
>> When using divergence to forecast a change of direction, what do you
>prefer:
>> the "normal" MACD or a "relative" MACD (MACD/CLOSE)?
>>
>> And finally to you all: Happy New Year!
>>
>> Best regards,
>> Onno Goedknegt
>>
>
Attachment:
Description: "KPN_MACD.GIF"
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