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Mr Larsen,
I am nearer to the end than I had hoped for. Found
this weekly MACD Hist based on daily data:
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E)-
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E)-
Mov(Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),60,E)-
Mov(If(DayOfWeek()=5,C,Peak(1,If(DayOfWeek()=5,C,0),1)),130,E),45,E)
Daily MACD Hist is as follows:
(Mov(C,13,E) - Mov(C,21,E))-(Mov((Mov(C,13,E) -
Mov(C,21,E)),5,E))
Now, how to I scan for up ticking histogram for both
formulas? Using ROC? How do I do that? And specific
instructions would be appreciated rather than
guidance.
Alex
--- Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
> Alex
>
> > Ouch! You sure know how to inflict pain.
>
> Sorry
>
> > Ok... I did try cutting and pasting the formual
> into
> > the filter tab.....and the error msg came back
> "this
> > function is not allowed in this type of formula"
>
> The 'Weekly MACD' is an indicator - it's not
> intended to be used directly in
> an exploration but can be called using Fml() and
> FmlVar() once the default
> Input() functions values have been set.
>
> > With the limited knowledge of metastock, I don
> even
> > have a clue where to start to troubleshoot. What
> > should I do now...if you still willing to help?
>
> My mistake. I guess I assumed a level of fluency
> that is a little ahead of
> where you are at with MS code. I tend to forget that
> not everyone has worked
> with MS every day for several years. As long as
> you're willing to learn I'm
> willing to help. I'm convinced that the 'Weekly
> MACD' can do most of what
> you expect, but to extract the information from it
> there is still a little
> way to go.
>
> The first step is that you need to cut and paste the
> code to the Indicator
> Builder, then drop it onto a chart and experiment
> with the different input
> options. You should also try changing the style of
> the MACD line to
> histogram (Properties - Color/Style) and see how
> that compares visually to
> the histogram option I built into the indicator
> (which I admit is rather
> crude).
>
> You could also switch your chart to weekly periodicy
> and check my indicator
> against the standard MACD. When you do that you will
> probably see variations
> that suggest errors in my code. Make sure both
> indicators are using the same
> scale (right click and select scaling). Differences
> displayed using weekly
> periodicy are caused by missing Fridays, and this
> causes my code to miss an
> entire weekly bar of data. However when used with
> daily periodicy the weekly
> close is taken from the bar before Monday whenever a
> missing Friday is
> detected.
>
> Understanding the detail of the code is not as
> important as just getting a
> feel for how it looks and what the various options
> do. This is nesessary
> before it can be used in an exploration. When you
> are familiar with it I'll
> give you some suggestions on what to do next.
>
> Roy
>
>
>
> > Alex
> >
> >
> >
> > --- Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
> > > 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);
>
=== message truncated ===
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