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Alex
> 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
Only that I'm disappointed you should give up so easily, and that you reject
the very answer you seek.
Did you load the code and try it out before rejecting it? Did I suggest I
wouldn't answer any questions you might have? I have a few more questions of
my own but I think they are best left unasked for the moment.
Roy
> --- 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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