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Roy,
No, I found it on some websites after intensive
search.
Yes, I am still looking a way to scan for stocks on a
uptrend in terms of Daily MACD Histogram and Weekly
MCAD Histogram. And after many hours of research and
emails to this group, I have yet to achieve my goal.
Very dissapointed indeed.
Alex
--- Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
> Alex
>
> I suggest you check with the author of these
> formulas as to how to use them
> in explorations. I was under the impression that you
> that you wanted an
> accurate weekly MACD formula to base your
> exploration on. The weekly formula
> you've come up with may be very useful if you know
> how to apply it, but it's
> a long way from an accurate rendition of a weekly
> MACD for daily periodicy.
> Same goes for the 'Daily MACD Hist' - what is it and
> how's it supposed to
> work? I hope you didn't pay for these formulas.
>
> Roy
>
> ----- Original Message -----
> From: "Alex Tan" <bt_alex_tty@xxxxxxxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Monday, January 06, 2003 3:23 AM
> Subject: Re: [EquisMetaStock Group] Exploration:
> MACD Historgram Uptrend for
> Weekly and Daily
>
>
> > 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
>
=== message truncated ===
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