[Metastockusers] Cumming's 4MACD for MetaStock

[Jim Eaves <jimeaves@xxxxxxx>]

Hi Hal,
 
Here is how I construct my MetaStock version of 
Robert Cumming's 4MACD.  Again the multipliers for MACDBlue and MACDYellow 
are necessary for MetaStock I believe because of the differences in the way 
TC-2000 and MetaStock handle the MACD function and differences in the way they 
scale charts. 
 
Each stock has a different multiplier, but I have 
found the below settings to work well enough for most stocks in general. If 
you want a perfect match with the TC-2000 version you have to play with the 
yellow and blue multipliers. 
 
Below are the formulas for 4 different MACD 
indicators (MACDBlue, MACDRed, MACDYellow, and MACDGreen).  Each should be 
saved to a different indicator via MetaStock's Indicator Builder.  You 
should be able to copy and paste into Indicator Builder from this e-mail.  
Once you have all four indicators installed, grab the MACDBlue indicator and 
place it into a new window on a chart.  Then change its color to 
blue.  Leave it as a line graph for now (very important).  Then 
grab and drop MACDRed into the same window and change its color to red.  
Again leave it as a line graph (very important).  Then grab and 
drop MACDYellow into the same window and change its color to yellow.  Again 
leave it as a line function (very important).  It MetaStock asks you 
about scaling tell it to use the same scaling on the right.  Then grab and 
drop MACDGreen into the same window and change its color to green.  Now 
right click on the blue line and select MACDBlue properties.  Now change it 
to a histogram and select the second thickness.  Do the same procedure for 
MACDRed, MACDYellow and MACDGreen in that order (very important).  
That should set it up.
 
Jim
 
 
MACDBlue (The Blue Cumming's 4MACD 
Histogram)
 
4.3*((Mov(C,17,E)-Mov( 
C,14,E))-Mov((Mov(C,17,E)-Mov(C,14,E)),5,E ))
 
MACDRed (The Red Cumming's MACD 
Histogram)
 
(Mov(C,17,E)-Mov( 
C,8,E))-Mov((Mov(C,17,E)-Mov(C,8,E)),5,E )
 
MACDYellow (The Yellow Cumming's 4MACD 
Histogram)
 
<FONT face=Arial 
size=2>1.4*((Mov(C,10,E)-Mov(C,16,E))-Mov((Mov(C,10,E)-Mov(C,16,E)),5,E 
))
 
MACDGreen (The Green Cumming's 4MACD 
Histogram)
 
(Mov(C,5,E)-Mov( 
C,10,E))-Mov((Mov(C,5,E)-Mov(C,10,E)),5,E )






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