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Roy,
It appears that the formula is too complex for me to
understand.
I find it really intriguing that this is such a common
technique for scanning for stocks to buy but yet no
metastock formula is freely available. I saw some
sites selling the formula though. How does the
Metastock community expects to grow with such limited
sharing of formulas? Isn't this site geared to solve
such a situation?
Any thoughts on the statement?
Alex
--- Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
> Alex
>
> > Is there away to search via Explorers for both
> Weekly
> > and Daily uptrends in MACD Histogram?
>
> Yes there is. This is why I have put some time and
> effort into developing a
> number of weekly indicators for daily charts. The
> following 'Weekly MACD'
> could be tested in one column of an exploration and
> the standard MACD tested
> in another. This indicator is provided with a signal
> line that can be used
> or commented out as required.
>
> Because this indicator requires a PREV for each EMA
> (12, 26, signal line) it
> will run more slowly than your current exploration,
> and for reasonable
> accuracy with each (weekly) EMA your exploration
> should use at least 250
> periods.
>
> > Currently I am doing it via one time in Daily, and
> > another via Weekly, and then see if those two
> results
> > match for a given stock. Very tedious! It would be
> > great if there is a way to do it all in one run.
>
> If you have problems setting this up for an
> exploration I have some ideas
> that will help but take a look first.
>
> Roy
>
>
> {Weekly MACD} {for daily charts}
> Hs:=Input("0=Line, or 1=Histogram",0,1,0);
> {use histogram for chart display only}
> P1:=Input("Weeks for Short EMA",1,99,12);
> P2:=Input("Weeks for Long EMA",1,99,26);
> P3:=Input("Weeks for Signal Line",1,99,9);
> P1:=2/(P1+1); P2:=2/(P2+1); P3:=2/(P3+1);
> Q:=Input("1=Update at Friday bar, Dynamic Current
> Week",0,0,0);
> Q:=Input("2=Update at Friday bar, 3=Update at
> Monday bar",1,3,2);
> {1=dynamic current week, MS compatible}
> {2=update @ end of week except when no Friday}
> {3=update @ start of new week}
> Lb:=LastValue(Cum(1)-0)=Cum(1);
> W1:=DayOfWeek()=5;
> W2:=DayOfWeek()<=Ref(DayOfWeek(),-1);
> We:=If(W1,1,If(Alert(W1,2)=0 AND W2,2,0));
> Cl:=ValueWhen(1,We>0,If(We=1,C,Ref(C,-1)));
>
Ma:=If(Cum(We>0)=1,Cl,ValueWhen(1,We>0,PREV)*(1-P1)+Cl*P1);
> Ma:=If(Q=1 AND We=0 AND Lb,ValueWhen(1,We>0,Ma)
> *(1-P1)+C*P1,Ma);
> Ma:=If(DayOfWeek()=5 AND Q=3,Ref(Ma,-1),Ma);
>
Mb:=If(Cum(We>0)=1,Cl,ValueWhen(1,We>0,PREV)*(1-P2)+Cl*P2);
> Mb:=If(Q=1 AND We=0 AND Lb,ValueWhen(1,We>0,Mb)
> *(1-P2)+C*P2,Mb);
> Mb:=If(DayOfWeek()=5 AND Q=3,Ref(Mb,-1),Mb);
> Md:=(Ma-Mb);
>
Sg:=If(Cum(We>0)=1,Md,ValueWhen(1,We>0,PREV)*(1-P3)+Md*P3);
> Sg:=If(Q=1 AND We=0 AND Lb,ValueWhen(1,We>0,Sg)
> *(1-P3)+Md*P3,Sg);
> Sg:=If(DayOfWeek()=5 AND Q=3,Ref(Sg,-1),Sg);
> Md:=If(Hs=0,Md,If(Md<>Ref(Md,-1),Md,0));
> Md; Sg;
>
>
>
__________________________________________________
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